IMRF confirms $125m in commitments

Institution: Illinois Municipal Retirement System
Headquarters: Oak Brook, US
AUM: $43.11 billion
Allocation to alternatives: 13.79%

Illinois Municipal Retirement System has approved $125 million-worth of commitments to private equity funds, according to minutes from the pension’s July 2020 board meeting.

The commitments comprise $75 million to Clearlake Flagship Plus Partners; alongside $25 million apiece to HIG Bayside Loan Opportunity Fund VI and EnCap Energy Transition Fund I.

The $43.11 billion US public pension has a 4.95 percent allocation to private equity.

As illustrated below, IMRF tends to focus its private equity investments on North American targeting a variety of strategies including turnaround, buyout, venture capital and corporate debt.

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