Teachers’ Retirement System of the State of Illinois commits $215m to Fortress Investment Group

The $64.8 billion Teachers’ Retirement System (TRS) of the State of Illinois has $215 million to Fortress Investment Group.

In this commitment, $115 million is dedicated to Fortress Japan Opportunity Fund V, a Japan-focused opportunistic real estate fund, and $100 million to Fortress Real Estate Opportunities Fund IV, an opportunistic fund. Fortress now administers $131.2 million in TRS assets.

The pension fund also approved a $100 million to Brasa Capital Management, an opportunistic real estate investment manager based in Los Angeles. Brasa now administers $60 million in TRS assets. Brasa is a minority/women-owned business enterprise and participates in the TRS Emerging Manager Program.

These commitments are part of TRS’ $12.5 billion real assets portfolio.

In separate news, TRS retained RVK, as the System’s general investment consultant. RVK was awarded a five-year consultant contract, the maximum under state law. RVK has been the Syste