Name: Illinois Municipal Retirement Fund
HQ: Oak Brook, US
AUM: $51.1 billion
Allocation to alternatives: 6.9%
Illinois Municipal Retirement Fund (IMRF) has backed three private equity funds, with $50 million to Chicago Pacific Founders Fund III, $20 million to Agent Capital Fund II and $15 million to Red Arts Capital Opportunity Fund I, according to its website.
Founded in 1984, the IMRF offers retirement, disability and death benefits to the employees of the local government and school districts in Illinois.
As illustrated below, recent private equity commitments have focused on North America vehicles with buyout, venture capital and growth equity returns.
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