Name: Illinois Municipal Retirement Fund
HQ: Oak Brook, US
AUM: $45.5 billion
Allocation to Real Assets: 10.6%
Illinois Municipal Retirement Fund has committed a total of $150 million to two real estate funds, according to communications from the pension.
The pension invested $75 million in both Rockwood Capital Real Estate Partners Fund XII and Torchlight Debt Fund VIII, both fund managers to which it had previously committed. To date, IMRF has made $175 million in commitments to Rockwood Capital funds, and a total of $200 million across Torchlight managed funds, including Torchlight Debt Fund IV.
IMRF’s real estate portfolio is housed within its 10.6 percent real assets portfolio. As of September 2022, it is valued at $4.8 billion. As illustrated below, the pension’s recent real estate commitments have focused on North America and Western Europe vehicles with value-add and debt returns.
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