IMRF approves $50m commitment

The US public pension has backed Artemis Real Estate Partners' second core-plus healthcare vehicle.

Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, US
AUM: $53.1 billion
Allocation to alternatives: 13.33%

Illinois Municipal Retirement Fund approved a $50 million commitment to Artemis Real Estate Partners Healthcare Fund II at its May 2021 board meeting, a contact at the pension informed PERE.

Artemis Real Estate Partners Healthcare Fund II is in market seeking $1 billion in investor capital. The vehicle had raised $435.5 million as of May 2021.

IMRF has a 10 percent target allocation to real estate that currently stands at 6.35 percent.

As illustrated below, IMRF’s recent real estate commitments have primarily focused on North American and European vehicles targeting opportunistic strategies.

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