Illinois Teachers hires three firms to advise on real estate co-investments

Teachers’ Retirement System of the State of Illinois’ (TRS Illinois) search for consultants to support its co-investment activities has ended with the appointment of three firms.

The $51.6bn (€44.6bn) pension fund told IPE Real Assets that it had hired Bard Consulting, ORG Portfolio Management and RCLCO Fund Advisors on five-year contracts.

TRS Illinois previously used ORG and Real Asset Portfolio Management for advice on an ad hoc basis.

The duties will include due diligence reviews on investment opportunities and fund managers.

Co-investments make up $84.6m of the pension fund’s $5.6bn real estate portfolio and are expected to grow in the future.

Related images

  • Illinois

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2563

    Asset class: Mid & Small Cap Equities.
    Asset region: Global.
    Size: USD $130m.
    Closing date: 2019-09-27.

  • QN-2564

    Asset class: Large Cap Growth Equities.
    Asset region: Global Developed Markets.
    Size: USD $130m.
    Closing date: 2019-10-04.

  • DS-2567

    Closing date: 2019-10-02.

  • QN-2569

    Asset class: Local Currency Bonds.
    Asset region: Global Emerging Markets.
    Size: $500m.
    Closing date: 2019-10-10.

Begin Your Search Now