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Illinois pension commits $100m to pan-Asia buyout fund

Hong Kong-based Baring PE Asia's latest fund looking to raise total of $8.5bn

A commitment of $100 million from the Teachers’ Retirement System (TRS) of the State of Illinois will be invested across Asia. (Source images by Getty Images and Teachers' Retirement System of the state of Illinois website)

CEBU, Philippines -- U.S. pension fund Teachers' Retirement System (TRS) of the State of Illinois has committed $100 million to Hong Kong-based Baring Private Equity Asia's eighth pan-Asia buyout fund, according to an announcement.

The commitment includes $75 million for Baring Asia Private Equity Fund VIII and another $25 million for Baring Asia Private Equity Fund VIII-Annex A. Baring currently manages $340 million in TRS assets.

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