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IMRF makes $75m commitment

The US public pension has backed TA Realty's Value-Add vehicle.

Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, US
AUM: $56.8 billion
Allocation to alternatives: 12.8%

Illinois Municipal Retirement Fund has announced that it will commit up to $75 million commitment to TA Realty Value-Add Fund XIII, according to the pension’s latest press release. This brings the total capital IMRF has committed to TA Realty funds to $547.5 million.

IMRF has a 6.44 percent allocation to real estate, with the market value of its private real estate portfolio at $3.7 billion.

The $58.6 billion US public pension’s recent private equity commitments have tended to target North American vehicles focused on a variety of strategies.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.