Illinois TRS approves $300m in commitment

The US public pension has backed a North America and Asia-Pacific-focused funds.

Teachers’ Retirement System of the State of Illinois has approved a $200 million commitment to Fortress Japan Opportunity Fund IV and a $100 million commitment to Principal Industrial Value Add.

The $51 billion US public pension has a 15 percent target allocation to real estate that currently stands at 14.5 percent.

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