Illinois Teachers’ approves $475m in commitments

The US public pension has backed a trio of infrastructure vehicles.

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Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, United States
AUM: $52.92 billion
Allocation to alternatives: 30.3%

Teachers’ Retirement System of the State of Illinois has approved $475 million-worth of infrastructure commitments across three vehicles, a contact at the pension informed Infrastructure Investor.

The commitments comprise $200 million to Macquarie Infrastructure Partners V, $250 million to Stonepeak Infrastructure Partners IV and a $25 million top-up commitment to Taurus Mining Finance Fund II. Illinois Teachers’ previously committed $100 million to the fund in June 2019.

The $52.92 billion pension invests in infrastructure out of its 15.3 percent real assets portfolio.

As illustrated below, Illinois Teachers’ infrastructure commitments tend to focus on North American vehicles targeting a variety of sectors.

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