November 22, 2022
Koncheng Moua, Research Data Analyst
The Illinois Municipal Retirement Fund (IMRF) has disclosed seven alternative investments totaling up to $340 million.
IMRF committed to three Versant Ventures funds. $50 million was committed to Versant Venture Capital IX, and $25 million will be committed to both Versant Voyageurs III and Versant Vantage III. $60 million was also committed to buyout fund, IK X Fund, managed by IK Partners. Harpoon Ventures Fund IV was also approved for a $30 million investment.
$75 million was approved for value-add real estate fund, Rockwood Capital Real Estate Partners XII. Additionally, $75 million will be allocated to real estate debt fund, Torchlight Debt Fund VIII.
Emerging Markets Rebalance
Also approved at the November 17 board meeting was a $400 million redemption from the Genesis Emerging Markets account. Funds will be allocated to the Arrowstreet Emerging Markets Equity Strategy. The reallocation will “diversify and decrease concentration risks within the Emerging Markets strategy”, according to a news release from the pension fund. IMRF is considering an Emerging Markets RFP in the first half of 2023.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
The Orange County Employees Retirement System (OCERS) has disclosed $340 million in alternative investments, according to meeting materials from the August 24 Board meeting. Opportunistic Credit...
Fresno County Employees’ Retirement Association has narrowed down their Emerging Markets Equity Search to three finalists. According to meeting minutes from the September 7 board meeting, ARGA,...
925 West Lancaster Ave
Bryn Mawr, PA 19010
Tel: (610) 642-1481