Institution: Illinois Municipal Retirement System
Headquarters: Oak Brook, US
AUM: $45.18 billion
Allocation to alternatives: 12.72%
Illinois Municipal Retirement Fund approved $85 million-worth of commitments to venture capital funds at its November 2020 investment committee meeting, a contact at the pension informed Private Equity International.
IMRF has a 5.15 percent allocation to private equity.
As illustrated below, the $45.18 billion US public pension’s recent private equity commitments have favoured venture capital and turnaround funds, predominantly focused on North America.
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