Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $55.72 billion
Allocation to alternatives: 33%
Teachers’ Retirement System of the State of Illinois approved a $300 million commitment to Starwood Global Opportunity Fund XII at its December 2020 board meeting, a contact at the pension informed PERE.
Starwood’s latest vehicle in its flagship opportunistic series is targeting $8 billion in equity capital, with a co-investment vehicle targeting a further $3 billion. As of October 2020, the parent fund and co-investment fund had raised a combined $5.6 billion.
Illinois Teachers’ has a 16 percent target allocation to real estate that currently stands at 14 percent.
As illustrated below, the $55.72 billion US public pension’s recent real estate commitments have targeted either global or North America-focused vehicles targeting value-add or opportunistic returns.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
