IMRF approves over $200m in commitments

The US public pension has backed buyout and venture funds.

Illinois Municipal Retirement Fund has approved £100 million in aggregate to Inflexion Buyout Fund V and Inflexion Partnership Capital Fund II, $85 million in aggregate to Lightspeed Venture Partners XII and Lightspeed Venture Partners Select III, and $15 million to AUA Private Equity Fund II.

The $39 billion US public pension has a 9 percent target allocation to private equity that currently stands at 3.4 percent.

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