IMRF confirms $150m in commitments

The US public pension has backed a pair of real estate vehicles.

Institution: Illinois Municipal Retirement System
Headquarters: Oak Brook, US
AUM: $44.34 billion
Allocation to alternatives: 12.79%

Illinois Municipal Retirement Fund has approved $150 million-worth of commitments across two vehicles, according to the pension’s August 2020 investment news.

The commitments comprise $100 million to Starwood Global Opportunity Fund XII and $50 million to Torchlight Debt Opportunity Fund VII.

The $44.34 billion US public pension has a 6.73 percent allocation to real estate.

As illustrated below, IMRF’s real estate fund commitments tend to focus on global vehicles targeting value-add to opportunistic returns.

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