Illinois Firms

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

TreasuriesSupranationals
AgenciesCommercial Paper
Foreign Bonds Municipals
Corporate BondsRepurchase Agreements

Investment Management Services

Fixed IncomeCash & Cash Equivalents
Public EquitiesReal Estate
Private EquityVenture Capital
Securities Lending–

Banking Services

Custody and SafekeepingDepository Services
ACH TransactionsLockbox Services
Cash and Check ProcessingCredit and Debit Card Processing

Other Investment Services

Investment ConsultingLinked/Time Deposits
Bond ArbitrageThird-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)