Illinois Municipal Retirement Fund commits more than $200m to PE

Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, United States
AUM: $50.4 billion
Allocation to Private Equity: 9.79%

The Illinois Municipal Retirement Fund has revealed $207 million in new commitments towards private equity vehicles.

The fund committed up to $75 million in aggregate to Khosla Ventures Fund VIII, Khosla Ventures Seed F and Khosla Ventures Opportunity II. All three funds are managed by Khosla Ventures of Menlo Park, California.

It also committed up to $72 million to Inflexion Partnership Capital Fund III, a buyout fund managed by UK-based Inflexion Private Equity Partners.

Lastly, it put forward $60 million in aggregate funding for Mayfield Fund XVII and Mayfield Select III.

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