Illinois pension seeks opportunistic, distressed credit managers

The $45 billion Illinois Municipal Retirement Fund issued its request for proposals from opportunistic and distressed private credit fund managers targeting global, North American or European mandates.

The $25 million allocation may go to more than one manager, according to an announcement from the state pension plan and the RFPs are due back on May 31. It would be the first private credit allocation for the Oak Brook, Illinois based pension.

Only funds currently fundraising will be considered and Wilshire Associates is assisting staffers with the search, officials said.IMRF’s alternative investments portfolio is . . .

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