May 31, 2024
OAK BROOK, Ill. – On Friday, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees approved up to $282.5 million in commitments to the Private Equity asset class.
The Board approved the following commitments, subject to satisfactory legal due diligence:
Private Equity
- Up to $50 million to AUA Private Equity Fund III, L.P. IMRF is an existing investor in AUA funds with $20 million in aggregate commitments. This firm qualifies as a minority-owned firm per the Illinois Pension Code.
- Up to $100 million to H.I.G. Whitehorse Middle Market Lending Fund, L.P. and up to $35 million to H.I.G. Capital Partners VII, L.P. IMRF is an existing investor in H.I.G. funds with $101 million in aggregate commitments.
- Up to £50 million (approximately $62.5 million) to Inflexion Enterprise Fund VI, L.P. IMRF is an existing investor in Inflexion funds with £637 million in aggregate commitments.
- Up to $35 million to Sterling Group Credit Fund III, L.P. IMRF is an existing investor in Sterling funds with $225 million in aggregate commitments.
As of March 31, 2024, the total IMRF portfolio was valued at $54.1 billion.
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