Private Equity Program

TRS began investing in private equity strategies in 1983, and has committed over $5 billion to the asset class. The TRS Private Equity Program has a long-term target of 8 percent of the overall TRS portfolio. The program is divided into corporate finance (leveraged buyout and growth capital), venture capital, and special situations (distressed and mezzanine debt).  The benchmark for the program is the Russell 3000 plus 3 percent.

TRS works with its external private equity consultant, PCG Asset Management, to identify highly desirable firms and to perform due diligence on those firms to determine their fit within the program.

Potential managers should contact PCG at research@pcgfunds.com, complete the TRS summary spreadsheet below, and e-mail the completed summary to: privateequity@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: privateequity@trs.illinois.gov.

Excel File