Illinois Muni channels $250m to PE, RE

The Board of Trustees of the Illinois Municipal Retirement Fund (IMRF) on March 25 approved up to $252.4 million in commitments within the private equity and real estate asset classes. The commitments include $105 million directed to minority-owned firms. The board also approved a resolution authorizing IMRF’s divestment of its Russian assets.

“The IMRF Board condemns the actions taken by Russia and applauds the multitude of global responses in the form of humanitarian aid and sanctions,” according to the board’s resolution. As of March . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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