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TRS makes commitments to two real estate funds

The Illinois public pension has committed to two real estate funds, totaling just over $200m.

Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $65.4 billion
Allocation to alternatives: 33.8%

US public pension Teachers’ Retirement System of the State of Illinois has committed a total of $200 million to real assets following its recent February press release.

Within the institution’s $10.7 billion real assets portfolio, $150 million was committed to Rockpoint Real Estate Fund VII and €100 million to Tristan European Property Investors Special Opportunities 6 (EPISO 6).

Both Rockpoint Group and Tristan Capital Partners have existing relationships with TRS Illinois. Rockpoint administers $150.6 million in TRS assets while Tristan administers €50.5 million.

Illinois Teachers’ allocates 17.2 percent to real estate from its investment portfolio. The institution’s recent fund commitments are largely focused on funds seeking opportunistic returns.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.