The $54.7 billion Illinois Municipal Retirement Fund (IMRF) has issued an RFP for U.S.-based minority-owned, women-owned or persons with disabilities-owned business enterprise professional firms interested in providing private equity investment management.
The $50 million mandate could span a wide range of private strategies with the pension system considering a closed end commingled fund structure investing in private equity subsectors such as venture, growth, lower middle market buyout, middle market buyout, co-investment, distressed and special situations. Multiple firms may end up being considered for the mandate, officials said in issuing the . . .
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