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TRS Commits $600 Million to Expand Existing Investments

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SPRINGFIELD, IL – The trustees of Teachers’ Retirement System today committed up to $200 million within the System’s $5.2 billion Private Equity portfolio to Riverstone Holdings of New York, New York for opportunities within the energy sector of the economy. Riverstone already administers $372.2 million in TRS assets.

In other action by the Board of Trustees during its scheduled meeting in March, the trustees:

  • Committed $150 million within the Private Equity portfolio to The Blackstone Group of New York, New York. Blackstone currently administers $528.8 million in TRS assets.
  • Committed a total of $150 million within the System’s $5.6 billion Real Estate portfolio to Clearlake Capital Group, of Los Angeles, California. Previously, Clearlake had administered $63.1 million in TRS assets.
  • Committed $100 million within the System’s $7.99 billion Global Fixed Income portfolio to Oaktree Capital Management of Los Angeles, California. Oaktree currently administers $654.5 million in TRS assets.

About Teachers’ Retirement System

The Teachers’ Retirement System of the State of Illinois is the 39th largest pension system in the United States, and provides retirement, disability and survivor benefits to teachers, administrators and other public school personnel employed outside of Chicago. The System serves 395,000 members and had assets of $44.5 billion as of January 31, 2015.

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