IMRF Investments News

November 20, 2015

The Illinois Municipal Retirement Fund (IMRF) Board of Trustees today approved three new real estate commitments, subject to satisfactory legal due diligence.

The Board approved:

IMRF has an existing relationship with Blackstone and Ares, while Artemis is a new manager.

The new commitments, which will be funded from public market strategies, will help IMRF reach its strategic asset allocation to real estate, while also increasing the diversification of its long-term real estate investment portfolio.

The IMRF portfolio has an 8% target asset allocation to real estate. IMRF’s actual allocation to real estate is 7.4% (including unfunded commitments, as of September 30, 2015).

As of October 31, 2015, the IMRF total portfolio was valued at $34.785 billion.