The Teachers’ Retirement System (TRS) of Illinois has unveiled several commitments on behalf of its $9.6 billion real-assets portfolio.
The commitments included up to $100 million to The BlackStone Group, which administers $620 million in TRS assets.
It also includes a $60 million commitment to Brasa Capital Management, representing a new investment relationship for TRS; and a $200 million commitment to The LaSalle Group, which currently administers $6.9 million in TRS assets.
The pension fund recorded a positive 25.5 percent net investment return, ending fiscal year 2021 with a record $63.9 billion in assets.
