May 26, 2023
OAK BROOK, Ill. – On Friday, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees approved up to $205 million in commitments to the Private Equity asset class and $110 million in commitments to the Real Assets asset class.
The Board approved the following commitments, subject to satisfactory legal due diligence:
Private Equity
- Up to $75 million to Vistria Fund V, L.P. IMRF is an existing investor in Vistria funds with $268.9 million in aggregate commitments.
- Up to $50 million to KKR Ascendant Fund SCSP. IMRF is an existing investor in KKR funds with $57.7 million in aggregate commitments.
- Up to $50 million to H.I.G. Bayside Loan Opportunity Fund VIII, L.P. IMRF is an existing investor in H.I.G. funds with $47.2 million in aggregate commitments.
- Up to $30 million to Lightbank III, L.P. IMRF has an existing indirect pro-rata exposure of $0.2 million to Lightbank.
Real Assets
- Up to $75 million to Crow Holding Realty Partners X, L.P. IMRF is an existing investor in Crow funds with $293.1 million in aggregate commitments.
- Up to $35 million to EnCap Energy Capital Fund XII, L.P. IMRF is an existing investor in EnCap funds with $160 million in aggregate commitments.
As of April 30, 2023, the total IMRF portfolio was valued at $49.9 billion.
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