Teachers' Retirement System of the State of Illinois (TRS) has approved a commitment of €60m to Astorg Asset Management, according to documents from the $51.1bn pension fund's latest board of trustees meeting.
Insight Partners and DST Global led a $230m series-A funding round for Checkout.com last year
Acquisition of a majority stake in the Germany-based care provider marks the firm's first investment
Agilitas, investing from its 2015 fund, is said to be one of the final bidders in the process
Firm has promoted James Gregson, Kieran Lawton and James Winterbottom to senior investment director