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TRS Illinois renews consultant contract, funnels capital into real assets
Investors - DECEMBER 12, 2019

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TRS Illinois renews consultant contract, funnels capital into real assets

by Kali Persall

The $52.3 billion Teachers’ Retirement System of Illinois (TRS) has renewed the contract for its investment consultant for real estate and real assets, and made several commitments to those asset classes, according to a recent news release.

According to TRS Illinois, StepStone Group was rehired and awarded a five-year contract, beginning Jan. 1, 2020.

TRS also made two separate commitments within its real assets portfolio to Pennsylvania-based Exeter Property Group, consisting of €200 million ($221 million) and $100 million. Exeter currently administers $28.9 million in TRS assets.

Within its $14.4 billion global income portfolio, TRS committed $125 million to New York–based Apollo Global Management, one of the world’s largest alternative investment managers, according to the firm’s website. Apollo’s real assets busine

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