Illinois State Board Reviews 2023 Commitment Goals

The Illinois State Board of Investment has reviewed their 2023 portfolio goals at their December 15 board meeting.

According to meeting materials from consultant Hamilton Lane, they will target $450 million to $470 million to private equity for the year between five to seven partnerships. Hamilton Lane will continue to manage venture capital exposure through their Venture Access Fund.

In private debt, $170 million to $180 million in commitments is targeted between five to eight funds.

$290 million to $310 million will be targeted to six to ten non-core real estate partnerships. This will be split between Hamilton Lane and Rock Creek. Hamilton Lane will target $155 million to $165 million to three to six funds.

The infrastructure commitment target calls for $100 million to $115 million between three to six funds.

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