This allocator's name, 6 more advisers, 51 more managers, 89 more commitments and 7 more dated events

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State retirement system in Illinois

State retirement system· Springfield, Illinois

State retirement system, based in Springfield, Illinois, reporting $77B in assets, for 456,101 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$77B
Private allocation
41.0%
Fund commitments
92
Managers
54
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What may matter next

A pattern DFX replayed against history, using only what was known on each date, points at this record. The rate belongs to the pattern, not to this entity; what already happened is below.

T•••••••• R••••••••• S••••• o• t•• S•••• o• I•••••••Emerging

Early indicator, not yet measured: commits to the successor fund.

Why it matters: This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who acts on this: GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Confidence: signal low, timing low, outcome low, identity high, magnitude low.

  • DerivedT•••••••• R••••••••• S••••• o• t•• S•••• o• I••••••• h•••• A••••• I••••••••• P••••••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• A••••• I••••••••• P••••••• I•• L•••• i• o••• •••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

No decision maker identified yet.

How the pattern measured, and every other entity on it: re-up prospects.

Nothing material in the last 90 days. Last change: 24 Sep 2026, Re-up prospect for Ridgemont Equity Partners V, L.P.: condition no longer holds; not judged.

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
State retirement system in Illinois
Funds committed to
All 8
Managers
All 54
Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$77B
Fiduciary net position, Jun 30, 2025 reported
Funded
not on record
not filed
Private markets target
41.0%
policy Jun 30, 2025
Commitments
92
54 managers on Schedule C
Allocation policy
ACFR, as of Jun 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Short-termCash2.0%2.5%+0.5reported trsil.org
Global incomeFixed income15.0%16.2%+1.2reported trsil.org
Diversifying strategiesHedge / diversifiers5.0%4.4%-0.6reported trsil.org
Private creditPrivate credit8.0%6.9%-1.1reported trsil.org
Private equityPrivate equity15.0%17.3%+2.3reported trsil.org
Public equityPublic equity37.0%36.0%-1.0reported trsil.org
Other real assetsReal assets2.0%3.0%+1.0reported trsil.org
Real estateReal estate16.0%13.7%-2.3reported trsil.org
Policy periods on the tape: Jun 30, 2025 (ACFR), Jun 30, 2024 (ACFR). Target changes between periods are on the what changed list.
Consultants and advisers
9 firms

+6 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

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People
1 role
  • R. Stanley Rupnik Executive Director & Chief Investment OfficerExecutive director / CEO
Manager roster
54 managers on the commitment tape
From the plan’s own commitment disclosures

+51 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

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What changed
12 events
  • Sep 24, 2026re up prospect resolvedreport dateinference
    Re-up prospect for Ridgemont Equity Partners V, L.P.: condition no longer holds; not judged
    with Ridgemont Partners Management, LLCno URL
  • Jun 11, 2026Policy updated
    no URL
  • Jun 11, 2026Policy updated
    no URL
  • Aug 1, 2025Consultant changed
    no URL
  • Jul 1, 2025Re-up prospectinference
    with Ridgemont Partners Management, LLCno URL

+7 more dated events

Every name, record and relationship behind this count, with the source on each.

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
92 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Jun 2, 2025Grain CommunicationsGrain Management, LLCPrivate equityn/aDisclosed holdingno URL
as of Jun 2, 2025Searchlight Capital PartnersSearchlight Capital PartnersPrivate equityn/aDisclosed holdingno URL
as of Jun 2, 2025Olympus PartnersOlympus PartnersPrivate equityn/aDisclosed holdingno URL

+89 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

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Size and funding
58 readings
Total assets
$71B Jun 30, 2024 derived Census ASPP
$66B (2023-06) · $63B (2022-06)
Fiduciary net position
$77B Jun 30, 2025 reported ACFR
$71B (2024-06) · $67B (2023-06) · $63B (2022-06)
Long-term investments
$71B Jun 30, 2024 reported Census ASPP
$65B (2023-06) · $63B (2022-06)
Total pension liability
$86B Jun 30, 2024 reported Census ASPP
$85B (2023-06) · $84B (2022-06)
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2023-06) · 7.00% (2022-06)
Participants
456,101 Jun 30, 2024 derived Census ASPP
448,235 (2023-06) · 439,833 (2022-06)
Active members
171,754 Jun 30, 2024 derived Census ASPP
169,889 (2023-06) · 165,566 (2022-06)
Beneficiaries
132,902 Jun 30, 2024 reported Census ASPP
131,017 (2023-06) · 129,466 (2022-06)
Benefits paid
$8.2B Jun 30, 2024 reported Census ASPP
$7.9B (2023-06) · $7.6B (2022-06)
Investment expense
$1.1B Jun 30, 2024 reported Census ASPP
$940M (2023-06) · $947M (2022-06)
Provenance
Identifiers: none on file
Cross-graph: private equity LP tape (cited), venture LP tape (cited)
First observed Sep 15, 2026, last observed Sep 29, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio.

Across the graphs

This record is the same institution as 1 record in Venture Capital.

Venture Capital1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

This record sits on 136 traced paths of capital across the graphs.

Allocator to PE fund to manager to company

DFX traced 136 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Record history

104 dated events on the change ledger, latest first
  • Re up prospect resolved
    2026-09-24
  • Re up prospect
    2025-06-20
  • Re up prospect
    2025-07-01

+101 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+71 connections on the graph

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