The board of trustees of Illinois Teachers’ Retirement System is seeking to increase its private equity investments, FINalternatives reports. The board will expand the investments by up to $1.4 billion a year for the next five years. For next year, the $37.3 billion pension seeks to raise its private equity exposure to 11% from 9.1%. The board has also approved a new 12 month tactical investment plan and two new commitments for the expansion proposals.
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