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Illinois Teachers To Commit $1.4B To PE
The Illinois Teachers’ Retirement System is planning to allocate about $0.9-1.4 billion to private equity in fiscal 2012.
The Illinois Teachers’ Retirement System is planning to allocate about $0.9-1.4 billion to private equity in fiscal 2012,Pensions & Investmentsreports. The system will assign about 60-80% of the total commitment to corporate finance/leveraged buyout, 5-20% to venture capital and 10-25% to special situations.
As part of the allocation, Illinois Teachers’ has awarded a $107 million mandate to theEQT VIfund, managed by private equity manager EQT Funds Management. The system also awarded a $75 million mandate to theBlack River Foodfund, managed by Black River Asset Management.
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