Illinois State Board of Investment

About Illinois State Board of Investment

Illinois State Board of Investment manages a portfolio of $25.84 billion as of March 31, 2024, invested in domestic and international equity, fixed income, private equity, real estate, infrastructure, hedge funds, real assets, natural resources, direct lending, distressed debt and cash. Over the latest quarter and the 1, 3, 5 and 10 year periods, the portfolio returned 3.2%, 10.0%, 4.6%, 7.8% and 7.0%, against benchmark returns of 3.2%, 10.2%, 4.2%, 7.2% and 6.7%, respectively. As of March 31, 2024, private equity was valued at $2.53 billion, or 9.8% of the total portfolio, up from $2.42 billion as of September 30, 2023. Private equity returns over the quarter and the 1, 3, 5 and 10 year periods were 1.5%, 3.2%, 16.7%, 18.9% and 17.4%, versus benchmark returns of 2.4%, 7.0%, 12.7%, 16.7% and 14.1%, respectively. Private equity strategies include venture capital funds, mezzanine, fund of funds, co-investment, private debt, growth-expansion private equity, diversified private equity and buyouts, diversified across the globe. Real assets were valued at $3.26 billion and infrastructure at $608.38 million as of March 31, 2024. The board of directors governs the fund's investments, with Mr. Terrence Healy as Chairman of the Board & Executive Committee. LP Consultants are Hamilton Lane, HighVista Strategies, Meketa Investment Group and The RockCreek Group.

Real estate mandate

Contacts at Illinois State Board of Investment