TRSIL continues partnership with Locust Point

The US pension fund committed capital to Locust Point's third RE Debt fund.

Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $63.63 billion

Teachers’ Retirement System of the State of Illinois confirmed a commitment of $100 million to Locust Point Private Credit Fund III, a contact at the pension fund confirmed to PERE.

Incorporated in 2015, Locust Point Capital is a New Jersey-headquartered asset management firm with an office in Miami. The firm specializes in direct lending to lower mid-market senior housing and care companies throughout the United States.

TRSIL has an existing relationship with Locust Point, the firm currently manages $76.4 million in TRS assets.

As shown below, the US pension fund’s recent fund commitments have focused on North American vehicles across a variety of sectors.

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