Illinois Teachers Seek Middle-Market Debt

The $31 billion Illinois State Teachers Retirement System is seeking one or two additional distressed debt managers to fill out its 6% allocation to private equity, which is currently only half-filled.

  • 30 Jan 2004
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The $31 billion Illinois State Teachers Retirement System is seeking one or two additional distressed debt managers to fill out its 6% allocation to private equity, which is currently only half-filled. John Bauman, executive director at the Springfield, Ill.-based plan, said the plan would seek one or two new distressed debt funds before the end of its fiscal year in June and expects to invest about $40 million with the new managers. "We are probably going to look for funds that target more middle-market debt, but if we saw [another type of distressed] fund come to market that was an exceptional opportunity, we would pursue it," he said. In October, the plan committed $65 million to MatlinPatterson Asset Management's distressed debt fund, dubbed the Global Opportunities Fund II.

  • 30 Jan 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 32,618.79 103 11.88%
2 JPMorgan 25,662.81 73 9.35%
3 Wells Fargo Securities 24,627.51 67 8.97%
4 Bank of America Merrill Lynch 23,023.30 73 8.39%
5 Barclays 17,051.25 56 6.21%