Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, United States
AUM: $42.70bn
Allocation to alternatives: 10.81%
Bitesize: $50-100m
Illinois Municipal Retirement Fund (IMRF) has approved $150 million worth of real estate commitments, according to a recent report on the pension’s website. The commitments are made up of $100 million to Blackstone Real Estate Debt Strategies IV and $50 million to Rockwood Capital Real Estate Partners XI. Both funds are of a 2019 vintage.
The $42.70 billion US public pension has a 9.0 percent target allocation to real estate that currently stands at 6.20 percent.
As illustrated in the charts below, IMRF has made three commitments to real estate funds with a 2019 vintage. Aside from the aforementioned Blackstone and Rockwood funds, the pension has also committed €100 million to Blackstone Real Estate Partners Europe VI.
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