Name: Illinois Municipal Retirement Fund
HQ: Oak Brook, US
AUM: $51.1 billion
Allocation to alternatives: 6.9%
Illinois Municipal Retirement Fund has backed two real estate funds, committing $75 million to Blackstone Real Estate Debt Strategies V and $50 million to Long Wharf Real Estate Partners VII, according to its website.
Founded in 1984, IMRF offers retirement, disability and death benefits to the employees of the local government and school districts in Illinois.
As illustrated below, IMRF’s recent real estate commitments have focused on North America and Western Europe vehicles with value-add and debt returns.
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