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TRS Commits More Than $1.8 Billion To Investment Opportunities

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SPRINGFIELD, IL – Teachers’ Retirement System has committed more than $1.8 billion to various investment opportunities; all designed to advance the mission of TRS on behalf of its 417,000 members.

During a regularly scheduled meeting of the TRS Board of Trustees, the System’s investment staff reported the following actions:

Within the $16.9 billion Public Equity Portfolio:

  • The commitment of $225 million to Grandeur Peak Global Advisors, of Salt Lake City, Utah, for international equity investments.
  • The commitment of $275 million to LSV Asset Management, of Chicago, for international equity investments. LSV currently administers $2.46 billion in TRS assets.
  • The termination of Dimensional Fund Advisors, of Austin, Texas. Dimensional had administered $275 million in TRS assets.

Within the $11.5 billion Global Income Portfolio:

  • The commitment of $75 million to Northern Shipping Funds, of Stanford, Connecticut. Northern Shipping currently administers $50.9 million in TRS assets.

Within the $7.4 billion Real Estate Portfolio:

  • The commitment of $300 million to the Blackstone Group of New York, New York. Blackstone currently administers $555.7 million in TRS assets.
  • The commitment of $200 million to Rockpoint Group, of Boston, Massachusetts. Rockpoint currently administers $67.2 million in TRS assets.

Within the $7.2 billion Real Assets Portfolio:

  • The commitment of €200 million to the Macquarie Group, Ltd, of London, United Kingdom.
  • The commitment of $200 million to The Westbrook Group, of Chicago. Westbrook currently administers $44.5 million in TRS assets.

Within the $6.8 billion Private Equity Portfolio:

  • The commitment of €60 million to Astorg Asset Management, of London, United Kingdom. Astorg currently administers $39 million in TRS assets.
  • The commitment of $50 million to Grain Management, of Sarasota, Florida. Grain currently administers $52.9 million in TRS assets.
  • The commitment of $50 million to Siris Capital group, of New York, New York. Siris currently administers $104.5 million in TRS assets.
  • The commitment of $100 million to TSG Consumer Partners, of San Francisco, California.

Within The $5.2 billion Diversifying Strategies Portfolio:

  • The commitment of $100 million to Graham Capital Management, of Rowayton, Connecticut.
  • The commitment of $150 million to Informed Portfolio Management of Stockholm, Sweden.
  • The commitment of $100 million to Trend Capital Holdings, of Boca Raton, Florida/Greenwich, Connecticut.
  • The redemption of $155 million from BP Transtrend Diversified Fund, of Boston, Massachusetts.
  • The redemption of $147 million from the Multi-Asset Volatility Onshore Fund strategy of Pacific Investment Management Company, of Newport Beach, California. PIMCO continues to administer $2.73 billion in TRS assets.

About Teachers’ Retirement System

The Teachers’ Retirement System of the State of Illinois is the 37th 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 417,292 members and had assets of $49.05 billion as of December 31, 2018.

 

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