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Fundraising - AUGUST 5, 2019

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Teachers’ Retirement System of Illinois commits $300m to Oak Street Real Estate

by Kali Persall

The $52.2 billion Teachers’ Retirement System of Illinois (TRS) has committed $300 million to the Oak Street Real Estate Capital of Chicago's net lease property fund, the pension fund reported on Aug. 2.

The commitments were made within the pension fund’s $7.3 billion real estate portfolio, and they were part of $1.15 billion in strategic allocations to various investment opportunities the fund reported on behalf of Illinois educators.

Oak Street currently administers $44.1 million in TRS assets, according to the pension fund.

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