November 16, 2018
OAK BROOK, Ill. - Today, the Illinois Municipal Retirement Fund’s (IMRF) Board of Trustees approved multiple investment recommendations, subject to satisfactory legal due diligence.
Private Equity
The Board approved a commitment of up to $50 million to ABRY Partners IX, L.P. ABRY’s exposure to IMRF is $218.4 million across 13 investment vehicles.
Real Estate Recommendations
The Board approved the following recommendations:
- $150 million to Blackstone Real Estate Partners, IX, L.P.
- $100 million to Oak Street Seeding & Strategic Capital Fund II-MW, L.P.
- $25 million to LaSalle Income & Growth Fund VIII, L.P.
IMRF has established relationships and exposure with all three firms: Blackstone, $663.7 million; Oak Street, $100 million; and LaSalle, $45 million.
As of September 30, 2018, the IMRF total portfolio was valued at $42.4 billion.
