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The $59.5 billion Teachers’ Retirement System (TRS) of the State of Illinois has set new long-term and interim asset allocation targets for the investment of its funds.
The real assets portfolio — which consists of core/value-add real estate, opportunistic real estate, targeted real assets and infrastructure — will shift from a 20 percent long-term allocation to 18 percent. The current allocation is 14.7 percent.
Illinois TRS has also enlisted the help of Austin-based Lenox Park Solutions, which provides diversity consulting services for numerous institutional investors, businesses and money managers.
Lenox Park will help the pension fund develop a standardized metric scoring tool for diversity, equity and inclusion when analyzing potential investment opportunities and monitoring existing relationships. Illinois TRS said the partnering with Lenox Park is part of a broader reimagining of the system’s diversity efforts.
