Prioritizing Illinois Businesses
The Office of the Illinois Treasurer has made it a priority to transform the office’s policies and operations to increase opportunities available to businesses headquartered in the State of Illinois.
Illinois is home to a vast array of highly talented, highly capable businesses that offer top-level financial services.
On the investment front, this includes brokerage firms, securities dealers, asset managers, banks, investment consultants, and other financial service providers.
The Illinois Treasurer seeks a wide variety of financial services and products from Illinois firms, including, but not limited to:
Broker/Dealer Services
| Treasuries |
Supranationals |
| Agencies |
Commercial Paper |
| Foreign Bonds |
Municipals |
| Corporate Bonds |
Repurchase Agreements |
Investment Management Services
| Fixed Income |
Cash & Cash Equivalents |
| Public Equities |
Real Estate |
| Private Equity |
Venture Capital |
| Securities Lending |
- |
Banking Services
| Custody and Safekeeping |
Depository Services |
| ACH Transactions |
Lockbox Services |
| Cash and Check Processing |
Credit and Debit Card Processing |
Other Investment Services
| Investment Consulting |
Linked/Time Deposits |
| Bond Arbitrage |
Third-Party Research |
Procurement Opportunities
For non-investment related opportunities, including RFPs, RFIs, invitations to bid, and other related areas, please visit our Procurement Opportunities page.
Contact the Treasurer’s Investment Team
Illinois-based firms are encouraged to download and submit this Capabilities Questionnaire, which provides the Illinois Treasurer with a resource to be proactive in identifying business opportunities with Illinois-based firms. For other questions on business opportunities, Illinois-based firms can contact Investments@illinoistreasurer.gov.
Policies
- RFP Process – All RFPs now provide points in the scoring process to Illinois-based applicants.
- Preference for Illinois-Based Investment Firms – Policies and procedures establish uniform operating processes across investment divisions for the allowance of preference to qualified Illinois-based firms.
- Illinois Growth and Innovation Fund – Launched the Illinois Growth and Innovation Fund, a $1.5 billion evergreen impact investment fund that invests in ways that attract, assist and retain quality tech-enabled businesses in Illinois.
- Investing in Illinois Communities through Municipal Bonds – The Illinois Treasurer seeks to purchase high-rated bonds from Illinois municipalities, thereby giving communities the funds they need to grow while generating added yield for the State.
- Investing in Illinois Businesses through Corporate Securities – The Illinois Treasurer actively purchases various securities issued by Illinois-based companies, including, but not limited to, corporate bonds, commercial paper, and repurchases agreements. This enables the State to invest in businesses with operations in Illinois while earning a high-yielding return.
- Illinois Business Liaison – Staff are specifically deployed to assist Illinois firms in doing business with the Illinois Treasurer. Contact Investments@illinoistreasurer.gov.
Results
- Illinois-Based Asset Managers – Increased from $406 million in January 2015 to $2.0 billion as of June 2023. Track these results on The Vault.
- Illinois-Based Broker/Dealers – Illinois-based firms brokered $89 billion on behalf of the Illinois Treasurer in FY 2023. Track these results on The Vault.
- Illinois Growth and Innovation Fund – The Illinois Growth and Innovation Fund (ILGIF) invests in ways that attract, assist and retain quality tech-enabled businesses in Illinois. ILGIF aims to invest $1.5 billion on a recurring basis, creating an estimated 60,000 jobs per investment cycle. The investment is expected to attract more than $2 billion in additional private-sector money. Since inception, ILGIF has already supported over 5,000 jobs, generated over $25.4 billion of invested capital in Illinois companies, and contributed to $38.2 billion in GAAP revenue. Learn more at www.ILGIF.com.
- Purchased approximately $208 million in municipal bonds from Illinois communities (as of June 2023)