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The Teachers’ Retirement System of the State of Illinois (ITRS) has committed $100 million to Principal Data Center Growth & Income Fund, a vehicle of Principal Asset Management.

Principal Data Center Growth & Income fund is an opportunistic, closed-end fund that invests in data centers across the United States. It has a fundraising goal of $3 billion. This commitment follows Tennessee Consolidated Retirement System’s $100 million commitment in January 2025.