OAK BROOK, Ill. – Today, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees approved $275 million to four minority- and women-owned firms across the Private Equity and Real Estate asset classes, subject to satisfactory legal due diligence. In aggregate, IMRF committed $610 million to minority- and women-owned firms year to date. Including today's approval, approximately $10.5 billion or 24.2% of IMRF’s total portfolio is managed by MWBE firms.
Private Equity, $200 million in commitments, pending satisfactory legal diligence.
The Board approved commitments to the following:
- Up to $75 million to Clearlake Capital Partners VI, L.P.
- Up to $75 million to Valor Equity Partners V, L.P.
- Up to $50 million to Vista Foundation Fund IV, L.P.
IMRF has established relationships with all three firms. This includes existing commitments of $104.2 million to Clearlake, $130 million to Valor, and $490 million to Vista.
Real Estate, $75 million in commitments, pending satisfactory legal diligence.
The Board approved commitments to the following:
- Up to $75 million to Oak Street Real Estate Capital Fund V, L.P.
IMRF has an established relationship with Oak Street, including existing commitments of $200 million.
As of October 31, the IMRF total portfolio was valued at $43.3 billion.
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