Teachers’ Retirement System of the State of Illinois has increased its real assets deployment plan for fiscal year 2027 to $1.2bn (€1bn), up from the $700m it set aside for fiscal 2026.
For the year which began 1 July, the pension fund plans to commit $850m to real estate investments by putting $550m, or up to $650m into new separate account commitments and setting aside $300m for value-add or opportunistic funds.
The pension fund expects to continue to target industrial, grocery-anchored retail and niche sectors such as senior housing, medical office, and self-storage, which have provided stability to the portfolio.
Illinois Teachers also plans to trim existing holdings, led by a further reduction in its office exposure.
The pension fund has also set aside $345m for broader real assets strategies across infrastructure, timber and agriculture.
This comprises $210m for core, $100m for value-add and $35m for opportunistic deployments, with potential infrastructure commitments targeting renewable energy, data centres and digital assets.
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