Wrapping up business just ahead of the Memorial Day break, the board of trustees of the $51 billion Illinois Municipal Retirement Fund (IMRF) last Friday approved up to $180 million in commitments within the private equity and real estate asset classes. The board also heard an update on IMRF staff’s progress in implementing the IMRF’s new strategic asset allocation policy.
According to an IMRF release, in the real estate class, the board approved up to $150 million to Blackstone Real Estate Partners X, L.P. IMRF is an existing investor in Blackstone funds, totaling $1 . . .
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