Private Equity Program

TRS began investing in private equity strategies in 1983, and has committed over $8.3 billion to the asset class. The TRS Private Equity Program has a long-term target of 12 percent of the overall TRS portfolio. The program is divided into corporate finance (leveraged buyout and growth capital), venture capital, special situations (distressed and mezzanine debt) and co-investments.  The benchmark for the program is the Russell 3000 plus 3 percent.

TRS works with its external private equity consultant, TorreyCove Capital Partners LLC to perform due diligence on firms and determine their fit within the program.

Potential managers should complete the TRS summary spreadsheet below, and email the completed summary to:  investments@trs.illinois.gov.

A hard copy of this summary should also be sent to:

Teachers' Retirement System of the State of Illinois
Investment Division – Private Equity Department
2815 West Washington Street
Springfield, IL 62702

Questions may be directed to: investments@trs.illinois.gov.

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