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FUNDRAISING NEWS | April 04, 2023

Illinois Municipal Retirement Issues Private Credit Search

Tags: Pension Funds, Searches, Alternative Insights, Private Credit

The Illinois Municipal Retirement Fund has issued a Direct Lending, Opportunistic, and Distressed / Special Situations Fund Manager Search.

According to IMRF’s website, “IMRF is requesting proposals from direct lending, opportunistic, and distressed/special situations private credit funds. Only direct lending, opportunistic, and distressed/special situations private credit funds currently fundraising will be considered. IMRF intends to commit at least $300 million in commitments. Multiple managers will be considered. Firms may submit proposals for one or more strategies.”

Proposals are due May 1, 2023.

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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