REPORT TO GOVERNOR AND GENERAL ASSEMBLY ECONOMIC OPPORTUNITY INVESTMENTS

Transcription

1 REPORT TO GOVERNOR AND GENERAL ASSEMBLY ECONOMIC OPPORTUNITY INVESTMENTS August 20, 2014 State Universities Retirement System 1901 Fox Drive, P.O. Box 2710 Champaign, IL As Required by Public Act for the period ending June 30, 2014 (Fiscal Year 2014)

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4 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings AAR Corp $128, % One AAR Place 1100 North Wood Dale Road Wood Dale, IL Abbott Laboratories 14,923, % 100 Abbott Park Road Abbott Park, IL AbbVie Inc 19,144, % 1 North Waukegan Road North Chicago, IL ACCO Brands Corp 877, % 300 Tower Parkway Lincolnshire, IL Akorn Inc 3,040, % 1925 West Field Court Suite 300 Lake Forest, IL Allscripts Healthcare Solutions Inc 370, % 222 Merchandise Mart Plaza Suite 2024 Chicago, IL Allstate Corp 7,117, % 1,589, % Allstate Plaza 2775 Sanders Road Northbrook, IL

5 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings Anixter International Inc 1,393, % 2301 Patriot Boulevard Glenview, IL Aptargroup Inc 620, % 475 West Terra Cotta Avenue Suite E Crystal Lake, IL Archer-Daniels-Midland Co 9,529, % 4666 Faries Parkway Decatur, IL Arthur J Gallagher & Co 2,734, % The Gallagher Centre Two Pierce Place Itasca, IL Baxter International Inc 13,227, % 1,500, % One Baxter Parkway Deerfield, IL The Boeing Co 38,454, % 100 North Riverside Plaza Brunswick Corp 427, % 1 North Field Court Lake Forest, IL Cabot Microelectronics Corp 207, % 870 North Commons Drive Aurora, IL 60504

6 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings Calamos Asset Management Inc 36, % 2020 Calamos Court Naperville, IL Career Education Corp 51, % 231 North Martingale Road Schaumburg, IL Castle (A.M.) & Co 43, % 1420 Kensington Road Suite 220 Oak Brook, IL Caterpillar Inc 100 NE Adams Street Peoria, IL Sudan Restricted Company CBOE Holdings, Inc. 3,013, % 400 South LaSalle Street Chicago, IL CF Industries Holdings Inc 7,538, % 4 Parkway North Suite 400 Deerfield, IL CME Group Inc 3,615, % 20 South Wacker Drive CNA Financial Corp 3,162, % 333 South Wabash Avenue Chicago, IL 60604

7 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings Cobra Electronics Corp 4, % 6500 West Cortland Street Chicago, IL Consolidated Communications Holdings Inc 84, % 121 South 17th Street Mattoon, IL Deere & Co 7,981, % One John Deere Place Moline, IL DeVry Education Group Inc 364, % 3005 Highland Parkway Downers Grove, IL Exelon Corp 8,420, % 171, % 10 South Dearborn Street Chicago, IL Federal Signal Corp 128, % 1415 West 22nd Street Oak Brook, IL First Busey Corp 33, % 100 West University Avenue P.O. Box 4028 Champaign, IL First Midwest Bancorp Inc/IL 145, % One Pierce Place Suite 1500 Itasca, IL

8 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings FreightCar America Inc 67, % 2 North Riverside Plaza Suite 1300 GATX Corp 2,739, % 222 West Adams Street Heidrick & Struggles International Inc 53, % 233 South Wacker Drive Suite Hillshire Brands Co 1,062, % 400 South Jefferson Street Chicago, IL Horace Mann Educators Corp 165, % 1 Horace Mann Plaza Springfield, IL Hospira Inc 7,655, % 275 North Field Drive Lake Forest, IL HUB Group Inc 933, % 3050 Highland Parkway Suite 100 Downers Grove, IL 60515

9 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings Huron Consulting Group Inc 192, % 550 West Van Buren Street Chicago, IL IDEX Corp 3,331, % 1925 West Field Court Suite 200 Lake Forest, IL Illinois Tool Works Inc 8,372, % 3600 West Lake Avenue Glenview, IL Ingredion Inc 7,752, % 5 Westbrook Corporate Center Westchester, IL John B. Sanfilippo & Son Inc 29, % 1703 North Randall Road Elgin, IL Jones Lang LaSalle Inc 3,916, % 200 East Randolph Drive Chicago, IL Kemper Corp 249, % One East Wacker Drive Chicago, IL Kraft Foods Group, Inc. 10,686, % 534, % Three Lakes Drive Northfield, IL 60093

10 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings Landauer Inc 71, % 2 Science Road Glenwood, IL Lawson Products Inc 41, % 8770 West Bryn Mawr Chicago, IL Lifeway Foods Inc 103, % 6431 West Oakton Morton Grove, IL Littelfuse Inc 1,535, % 8755 West Higgins Road Suite 500 Chicago, IL LKQ Corp 1,183, % 500 West Madison Street Suite 2800 Chicago, IL Mattersight Corp 14, % 200 South Wacker Drive Suite 820 MB Financial Inc 217, % 801 West Madison Street Chicago, IL 60607

11 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings McDonald's Corp 15,167, % 827, % One McDonald's Plaza Oak Brook, IL Methode Electronics Inc 206, % 7401 West Wilson Avenue Chicago, IL MFRI Inc 5, % 7720 Lehigh Avenue Niles, IL Middleby Corp 698, % 1400 Toastmaster Drive Elgin, IL Mondelez International Inc 18,497, % 2,209, % Three Parkway North Deerfield, IL Morningstar Inc 530, % 22 West Washington Street Chicago, IL Motorola Solutions Inc 6,219, % 1303 East Algonquin Road Schaumburg, IL Navigant Consulting Inc 104, % 30 South Wacker Drive Suite 3550

12 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings Navistar International Corp 396, % 2701 Navistar Drive Lisle, IL Northern Trust Corp 10,797, % 50 South LaSalle Street Chicago, IL Old Republic International Corp 537, % 307 North Michigan Avenue Chicago, IL Old Second Bancorp Inc 15, % 37 South River Street Aurora, IL Packaging Corp of America 901, % 610, % 1955 West Field Court Lake Forest, IL Privatebancorp Inc 326, % 120 South LaSalle Street Chicago, IL QCR Holdings Inc 11, % th Street Moline, IL Richardson Electronics Ltd 26, % 40W267 Keslinger Road P.O. Box 393 Lafox, IL

13 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings RLI Corp 200, % 9025 North Lindbergh Drive Peoria, IL RR Donnelley & Sons Co 816, % 868, % 111 South Wacker Drive Sears Holdings Corp 370, % 3333 Beverly Road Hoffman Estates, IL Sigmatron International Inc % 2201 Landmeier Road Elk Grove Village, IL SP Plus Corp 86, % 200 East Randolph Street Suite 7700 Chicago, IL Stepan Co 137, % Edens Expressway and Winnetka Road Northfield, IL Stericycle Inc 2,272, % North Keith Drive Lake Forest, IL Taylor Capital Group Inc 81, % 9550 West Higgins Road Rosemont, IL 60018

14 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings Telephone & Data Systems Inc 275, % 30 North LaSalle Street Suite 4000 Chicago, IL Tenneco Inc 1,588, % 500 North Field Drive Lake Forest, IL Titan International Inc 130, % 2701 Spruce Street Quincy, IL Tootsie Roll Industries Inc 74, % 7401 South Cicero Avenue Chicago, IL United Continental Holdings, Inc. 4,395, % 4,314, % 233 South Wacker Drive United Stationers Inc 290, % One Parkway North Boulevard Suite 100 Deerfield, IL US Cellular Corp 95, % 8410 West Bryn Mawr Avenue Suite 700 Chicago, IL 60631

15 Exhibit 1 Equity and Fixed Income Investments in Illinois based Companies Equity Holdings Fixed Income Holdings USG Corp 720, % 550 West Adams Street Chicago, IL VASCO Data Security International Inc 64, % 1901 South Meyers Road Suite 210 Oakbrook Terrace, IL Walgreen Co 13,358, % 108 Wilmot Road Deerfield, IL Westell Technologies Inc 18, % 750 North Commons Drive Aurora, IL Wintrust Financial Corp 1,792, % 727 North Bank Lane Lake Forest, IL WW Grainger Inc 3,054, % 100 Grainger Parkway Lake Forest, IL Zebra Technologies Corp 739, % 475 Half Day Road Suite 500 Lincolnshire, IL 60069

16 Equity and Fixed Income Investments in Illinois based Companies Exhibit 1 Equity Holdings Fixed Income Holdings State/Municipal Bonds State of Illinois 2,479, % Chicago Transit Authority 1,835, % State of Illinois Railsplitter Tobacco Settlement Authority 88, % Public Equity and Fixed Income $ 279,048, % $ 20,192, %

17 Exhibit 1 IL based Real Estate and Infrastructure Investments SURS Market Value Location IL based Real Estate Investments Santa Fe Industrial Hodgkins 553, % Harris Warehouse Properties Lincolnshire 157, % Greenpoint Business Park Elmhurst 651, % 1400 Busch Parkway Buffalo Grove 15, % Olympia Centre-Office/Garage Chicago 1,777, % Olympia Centre - Retail Chicago 1,814, % Oak Brook Marriott Oak Brook 933, % Oakwood Commerce Centre Wood Dale 299, % Rochelle Development JV Rochelle 12, % Rochelle Industrial One Rochelle 347, % The Bernardin Chicago 1,370, % CNT Seymour Avenue East Franklin Park 588, % CNT Skokie Highway North Chicago 304, % CNT CenterPoint Court Gurnee 280, % CNT CenterPoint Court Gurnee 218, % CNT Seymour Avenue West Franklin Park 63, % CNT Waveland Avenue Franklin Park 94, % CNT 1 -Fleetwood-Tugwell Franklin Park 21, % CNT Busse Road Elk Grove Village 40, % CNT CenterPoint Court Gurnee 250, % CNT 1 Gurnee Land Lots Gurnee 50, % CNT 1 Wadsworth Land Wadsworth 278, % Capital One at Woodland Falls Mettawa 2,998, % CNT Tri-State Parkway Gurnee 220, % CNT Busse Road Elk Grove Village 10, % 35 West Wacker Chicago 7,579, % Summit on Lake Chicago 2,617, % CNT Estes Elk Grove Village 119, % Becknell Properties Addison 109, % Becknell Properties Addison 142, % Becknell Properties Romeoville 62, % Becknell Properties Romeoville 46, % Becknell Properties Champaign 51, % Becknell Properties Schaumburg 84, %

18 Exhibit 1 IL based Real Estate and Infrastructure Investments Location SURS Market Value Becknell Properties Tinley Park 84, % Becknell Properties Dupo 114, % Becknell Properties Decatur 2, % Becknell Properties Glendale Heights 109, % Becknell Properties Alsip 20, % Water Tower Place Chicago 6,881, % Westlake Plaza* Wilmette 4,476, % Midway Square* Chicago 4,269, % Belden Centre* Chicago 6,956, % Danada Square East* Wheaton 12,550, % Clybourn Galleria* Chicago 4,651, % 29 LaSalle* Chicago 3,087, % Hoffman Plaza Hoffman Estates 572, % Marriott SpringHill Waukegan 8, % Bensenville Industrial Bensenville % 216 West Jackson Chicago % Briarbrook Apartments Wheaton 27, % 200 West Monroe Chicago 126, % 205 West Randolph Chicago 27, % 209 West Jackson Chicago 11, % 25 Northwest Point Elk Grove Village 14, % 79 West Monroe Chicago 35, % Atrium Building Naperville 6, % Kraft Industrial Portfolio Aurora 781, % Randhurst Village - WO Mount Prospect 850, % DCT Industrial Portfolio Romeoville 272, % Metro Chicago Industrial Portfolio Chicago suburbs 516, % Metro Chicago Industrial Portfolio II Chicago suburbs 133, % Andrew Corporation Building New Lenox 360, % Best Buy Distribution Center Bolingbrook 121, % Glenmuir Naperville 406, % Aqua Chicago 736, % Coast Apartments Chicago 714, % Proctor & Gamble Distribution Center Edwardsville 729, %

19 Exhibit 1 IL based Real Estate and Infrastructure Investments Location SURS Market Value Woodfield Preserve - Land Schaumburg 8, % Real Estate 73,834, % IL based Infrastructure Investments InterPark Chicago 2,100, % Real Estate and Infrastructure $75,934, % 1 CenterPoint Properties *Market values are as of 3/31/14 due to reporting cycle lag

20 Exhibit 1 IL based Private Equity Investments SURS Market Value* Location IL based Private Equity Partnerships DN Partners II, L.P. Chicago $489, % Hispania Private Equity II, L.P. Chicago 1,105, % Hopewell Ventures, L.P. Chicago 305, % LaSalle Capital Group, L.P. Chicago 718, % MK Capital II, L.P. Northbrook 1,546, % Prism Mezzanine, L.P. Chicago 628, % Rock Island Capital Q I, L.P. Oak Brook 1,390, % ARCH Venture VI Chicago 8,528, % CHS Private Equity V Chicago 13,479, % Lake Capital Partners II Chicago 3,942, % Pfingsten Executive QP III Chicago 2,377, % Arbor Investments III Chicago 1,097, % Industrial Opportunity Partners II Evanston 103, % Pfingsten Executive QP IV Chicago 1,191, % Water Street Healthcare Capital II Chicago 480, % Water Street Healthcare Partners III Chicago 208, % Arbor Investments III Chicago 643, % Industrial Opportunity Partners II Evanston 64, % Water Street Healthcare Partners III Chicago 132, % Adams Street 2008 Direct Chicago 13,379, % Adams Street 2009 Direct Chicago 12,078, % Adams Street 2012 Direct Chicago 2,734, % Adams Street 2013 Direct Chicago 1,776, % Adams Street Co-Investments Chicago 3,654, % Banc VI Chicago 2,978, % Banc VII Chicago 8,826, % Banc VIII Chicago 1,309, % CIVC Partners II Chicago 1,701, % CIVC Partners IIIA Chicago 879, % CIVC Partners IV Chicago 811, % CIVC Sidecar Chicago 3, % Code, Hennessy & Simmons III Chicago 32, % Code, Hennessy & Simmons IV Chicago 164, % Code, Hennessy & Simmons V Chicago 5,313, %

21 Exhibit 1 IL based Private Equity Investments Location SURS Market Value* GTCR VII/A Chicago 23, % Industrial Opportunity II Evanston 109, % Lake Capital Partners Chicago 2,342, % Madison Dearborn Capital Partners IV Chicago 1,588, % Madison Dearborn Capital Partners V Chicago 2,510, % Madison Dearborn Capital Partners VI Chicago 735, % RoundTable Healthcare Partners II Lake Forest 999, % RoundTable Healthcare Partners III Lake Forest 310, % Sterling Capital Partners IV Chicago 425, % Sterling Small Market Growth 2009 Chicago 337, % Water Street Healthcare Partners II Chicago 313, % Water Street Healthcare Partners III Chicago 144, % Private Equity $103,920, % *Market values are as of 3/31/14 due to reporting cycle lag

22 Exhibit 2 Illinois based Investment Managers SURS Market Value Adams Street Partners $494,616, % One North Wacker Drive, Suite Ativo Capital 108,011, % 120 North LaSalle Street, Suite 2150 Chicago, IL Calamos Advisors LLC 336,152, % 2020 Calamos Court Naperville, IL CastleArk Management, LLC 108,446, % 1 North Wacker Drive, Suite 3950 Channing Capital Management, LLC 115,356, % 10 South LaSalle Street, Suite 2401 Chicago, IL Chicago Equity Partners 313,001, % 180 North LaSalle Sreet, Suite 3800 Chicago, IL Fiduciary Management Associates 101,466, % 55 West Monroe Street, Suite 2550 Chicago, IL Fortaleza Asset Management, Inc. 29,945, % 30 North LaSalle Street, Suite 1526 Chicago, IL Holland Capital Management, LP 154,257, % 303 West Madison Street, Suite 700 Lombardia Capital Partners, LLC 107,138, % 30 North LaSalle Street, Suite 4030 Chicago, IL 60602

23 Exhibit 2 Illinois based Investment Managers SURS Market Value Muller & Monroe Asset Management, LLC 28,035, % 180 North Stetson Street, Suite 1320 Chicago, IL Mesirow Financial Institutional Real Estate 34,686, % 353 North Clark Street Chicago, IL Neuberger Berman Fixed Income LLC 315,593, % 190 South LaSalle Street, 24th Floor Chicago, IL Northern Trust Asset Management 1,973,175, % 50 South LaSalle Street, B-8 Chicago, IL RREEF 12,650, % 875 North Michigan Avenue, Suite 4100 Chicago, IL $4,232,534, %

24 Exhibit 3 Illinois based Brokers Utilized by SURS Managers Commissions on Equity Trades paid in FY 14 of Fixed Income Trades in FY 14 Advantage Futures 1, South LaSalle Street, Suite 1400 Chicago, IL Andes Capital Group 13, West Wacker Drive, Suite 1810 Arbor Trading Group 2,257, Hart Road, Suite 260 Barrington, IL Barrington Research Associates, Inc. 1, North Clark Street Chicago, IL Berghoff & Company 195, South Canal Street, #817 Cabrera Capital Markets, LLC 216, ,383, South LaSalle Street, Suite 1050 Chicago, IL Cheevers & Company Inc. 166, South LaSalle Street, Suite 710 Chicago, IL First Analysis Securities Corporation 72 One South Wacker Drive, Suite 3900

25 Exhibit 3 Illinois based Brokers Utilized by SURS Managers Commissions on Equity Trades paid in FY 14 of Fixed Income Trades in FY 14 Hutchinson, Shockey, Erley & Company 85, West Adams Street, Suite 1700 Incapital Securities 201, South Wacker Drive, Suite 3700 Loop Capital Markets LLC 510, ,024, West Jackson Blvd., Suite 1901 Chicago, IL Melvin Securities, L.L.C. 24, West Jackson Blvd., Suite 2110 Chicago, IL Mesirow Financial, Inc. 53,222, North Clark Street Chicago, IL M. Ramsey King Securities, Inc. 67, Tomlin Circle Burr Ridge, IL North South Capital, LLC 96, West Adams Street, Suite 2230 Northern Trust Securities 356, South LaSalle Street Chicago, IL 60603

26 Exhibit 3 Illinois based Brokers Utilized by SURS Managers Commissions on Equity Trades paid in FY 14 of Fixed Income Trades in FY 14 Performance Trust Capital Partners, LLC 1,774, West Madison Street, Suite 450 Chicago, IL R.J. O'Brien & Associates LLC 1, South Riverside Plaza, Suite 900 William Blair & Company, L.L.C. 35,020 1,147, West Adams Street Zacks Investment Research, Inc South Riverside Plaza, Suite 1600 $1,132, ,651,396

27 Exhibit 4 Illinois based Consultants and Vendors Fees Paid for FY 14 Katten Muchin Rosenman 121, % 525 West Monroe Street Chicago, IL Marco Consulting Group 48, % 550 West Washington Blvd., Suite 900 Chicago, IL Mayer Brown 81, % 71 South Wacker Drive The Northern Trust Company 1,410, % 50 South LaSalle Street Chicago, IL Thomas, Mamer & Haughey 22, % 30 Main Street, Suite 500 Champaign, IL $1,683, %