March 22, 2019
Untitled Document
OAK BROOK, Ill. – March 22, 2019 – Today, the Illinois Municipal Retirement Fund’s (IMRF) Board of Trustees approved multiple recommendations, subject to satisfactory legal due diligence.
Private Equity
The Board approved commitments to the following:
- £70 million in aggregate to Inflexion Enterprise Fund V, L.P. and Inflexion Supplemental Fund V, L.P.
- £150 million to Inflexion Strategic Partners, L.P.
- $100 million to Lightspeed Global Opportunity Fund, L.P.
- $50 million to Vista Credit Partners Fund III, L.P.
- $10 million to True North Fund VI, LLP
IMRF has established relationships and exposure with all firms.
Internal Equity Management Project
- authorize up to $250 million in assets to be managed by Staff in the internal domestic equity portfolio;
- authorize Staff to work with Net Alpha Advisors on implementation, subject to satisfactory legal due diligence;
- authorize Staff to work with ERI Scientific Beta as the provider of the Index Data, subject to satisfactory legal due diligence;
This project is expected to have a six-month incubation period. Funding is sourced from domestic equity portfolio.
As of January 31, 2019, the IMRF total portfolio was valued at $40.7 billion.
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