IMRF Investments News

August 25, 2023

OAK BROOK, Ill. – On Friday, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees approved up to $554 million in commitments to the Alternatives asset class, of which $225 million or 40% was committed to minority-owned firms. These commitments are part of IMRF’s Direct Lending, Opportunistic and Distressed/Special Situations Fund Manager Search.

The Board approved the following commitments, subject to satisfactory legal due diligence:

Alternatives: Private Credit

As of July 31, 2023, the total IMRF portfolio was valued at $51.8 billion.