Illinois State Board of Investment

About Illinois State Board of Investment

Illinois State Board of Investment's investment portfolio is valued at $25.84 billion as of March 31, 2024, with investments in domestic and international equity, fixed income, private equity, real estate, infrastructure, hedge funds, real assets, natural resources, direct lending, distressed debt, and cash. Its return for the quarter, 1 year, 3 years, 5 years, and 10 years were 3.2%, 10.0%, 4.6%, 7.8 %, and 7.0%, compared to the benchmark return of 3.2%, 10.2%, 4.2%, 7.2%, and 6.7%, respectively. As of March 31, 2024, the private equity portfolio is valued at $2.53 billion, representing 9.8% of the total portfolio. This is an increase as compared to September 30, 2023, when the private equity portfolio was valued at $2.42 billion. As of March 31, 2024, the fund's private equity return for the quarter, 1 year, 3 years, 5 years, and 10 years were 1.5%, 3.2%, 16.7%,18.9%, and 17.4%, compared to the benchmark return of 2.4%, 7.0%, 12.7%, 16.7%, and 14.1%, respectively. Investments in private equity include buyouts, diversified private equity, private equity growth expansion, private debt, co-investment, fund of funds, mezzanine, and venture capital fund strategies diversified in geographical locations across the globe. As of March 31, 2024, the real assets portfolio was valued at $3.26 billion. As of March 31, 2024, the infrastructure portfolio was valued at $608.38 million. The fund's investments are governed by the board of directors, with Mr. Terrence Healy serving as Chairman of the Board & Executive Committee. Hamilton Lane, HighVista Strategies, Meketa Investment Group, and The RockCreek Group serve as the LP Consultants.