Teachers’ Retirement System of Illinois Commits $725M to Alts

The Teachers’ Retirement System of Illinois has committed $725 million between alternative funds.

$50 million was committed to a buyout fund, Greenbriar Equity Fund VI. $65 million was committed to ArchiMed MED Platform II, a buyout fund managed by ArchiMed. Lastly in private equity, $60 million was committed to StepStone VC Wabash Fund, a venture capital fund managed by StepStone.

In Real Estate, $50 million was committed to Elion Industrial Fund II, a value added fund managed by Elion Partners.

Within private credit, $250 million was allocated to Ares Multi-Credit Fund (IL), managed by Ares Management, and $250 million was allocated to Oaktree Route 66 Multi-Strategy Fund, managed by Oaktree.

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