Illinois Muni steers $190m to private equity, real estate
At its Feb. 11 meeting, the Board of Trustees of the $57 billion Illinois Municipal Retirement Fund (IMRF) approved commitments to private equity and real estate classes totaling $190 million. It also approved a new strategic allocation and investment policy for IMRF.
The board approved up to $115 million in commitments within the private equity asset class, of which $50 million, or 43%, was committed to a minority-owned firm.
It approved a commitment of up to $50 million to Clearlake Opportunities Partners III. IMRF is an existing investor in Clearlake’s funds through . . .
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