IMRF Investments News

November 17, 2017


OAK BROOK, Ill. – Today, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees announced the appointment of a new executive director for the organization, and also approved multiple investment recommendations, subject to satisfactory legal due diligence. 

Executive Director

The Board approved the appointment of Chicago-native Brian Collins as the successor to retiring Executive Director Louis W. Kosiba. His term starts on January 8, 2018. Kosiba’s last official day with IMRF is on Sunday, December 31, after 29 years with IMRF, leading the fund since 2001. Collins’ career highlights:

Private Equity

The Board approved a commitment up to $25 million to Clearlake Capital Partners Fund V, L.P. 

IMRF’s current exposure to Clearlake Capital Partners includes a $7.5 million commitment to Clearlake Capital Partners Fund III, through the Abbott private equity separate account.

U.S. Core Real Estate Manager Search and Existing Real Estate Portfolio

The Board approved the following commitments, up to:

IMRF’s has existing relationships with Ares, Artemis, Barings, and Buckhead Properties.


The Board approved a full redemption, approximately $150 million, from the Barings Core Property Fund, L.P.

As of September 30, 2017, the IMRF total portfolio was valued at $39.8 billion.