Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, US
AUM: $52.2 billion
Allocation to private real estate: 8.61%
The Illinois Municipal Retirement Fund confirmed its two latest commitments to private real estate in its April 12 meeting.
The pension fund allocated $100 million to Starwood Distressed Opportunity Fund XIII managed by Starwood Capital Group. The opportunistic real estate fund is targeting $10 billion and launched in November 2023. The pension fund also strengthened an existing partnership with Grandview Partners, pledging $50 million to Grandview III.
Alongside the private real estate commitments IMRF issued a request for proposal for general investment consultant proposals. Wilshire is the pension fund’s current general investment consultant.
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