Illinois Firms

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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 institutions. 

 

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 IllinoisFirms@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 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 IllinoisFirms@illinoistreasurer.gov.
Results
  • Illinois-Based Asset Managers – Increased from $406 million in January 2015 to $4.0 billion as of September 2021.  That’s nearly a 10-fold increase.  Track these results on The Vault.
  • Illinois-Based Broker/Dealers – Illinois-based firms brokered $33 billion on behalf of the Illinois Treasurer in FY 2021.  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 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 60,000 jobs, generated over $9.2 billion of invested capital in Illinois companies, and contributed to $31.2 billion in GAAP revenue.  Learn more at www.ILGIF.com.
  • Purchased approximately $237 million in municipal bonds from Illinois communities (as of June 2021)