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FUNDRAISING NEWS | April 16, 2024
Tags: Pension Funds, Real Estate, Private Equity
The Illinois Municipal Retirement Fund approved three allocations to real estate and private equity, totaling $200 million, according to an April 12 news report.
In real estate, $100 million was allocated to Starwood Distressed Opportunity Fund XIII Global. IMRF and Starwood funds have a preexisting relationship with $245 million in aggregate commitments.
Also in real estate, a $50 million allocation was approved to Grandview III, L.P. IMRF has previously invested in Grandview funds with $30 million in aggregate commitments.
Lastly, in private equity, a $50 million allocation was approved for Charlesbank Technology Opportunities Fund II, L.P. IMRF has previously invested $14.85 million in aggregate commitments to Charlesbank Funds.
As of February 29, 2024, the Retirement Fund was valued at $53.2 billion.
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Written By: Jane Bailey, Marketing Associate
Jane Bailey is a Marketing Associate at Dakota.
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