Teachers' Retirement System of the State of Illinois Private Equity Tactical Plan 2026-2027
The FY2027 Private Equity Tactical Plan establishes a framework for the Teachers' Retirement System of the State of Illinois' Private Equity Portfolio. Key initiatives include closely monitoring cash flow and evaluating secondary sales, exploring GP-led secondary partners, increasing co-investment and direct allocations, building out the MM/LMM fund pipeline in the US and Europe, and completing the RFP for secondary advisors. The plan also focuses on refining VC investing, developing the private equity team, sourcing new managers, deploying capital with diverse managers, enhancing ESG efforts, and concentrating capital with high-conviction managers to optimize the portfolio's risk/return profile and achieve the 15% long-term allocation target.