IMRF Investments News

OAK BROOK, Ill. – On Friday, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees approved up to $320 million in commitments within the Real Assets and Alternatives asset classes, of which $195 million or 60% was committed to minority- or women-owned firms.

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

Real Assets Commitments

• Up to $35 million to Lena Specialty Grocer Fund III, L.P., managed by Longpoint Partners. IMRF is an existing investor in Longpoint Partners, with $10 million in aggregate commitments. Longpoint Partners qualifies as a minority-owned firm per the Illinois Pension Code.
• Up to $35 million to Newport Capital Partners Fund IV, L.P. IMRF is an existing investor in Newport Capital Partners, with $54.8 million in aggregate commitments. Newport Capital Partners qualifies as a service-disabled, veteran-owned firm per the Illinois Pension Code.
• Up to $50 million to Artemis Real Estate Healthcare Fund III, L.P. IMRF is an existing investor in Artemis, with $975 million in aggregate commitments.
• Up to $75 million to TA Realty Value-Add Fund XIV, L.P. IMRF is an existing investor in TA Realty funds, with $225 million in aggregate commitments.

Alternatives Commitments

• Up to $50 million to Chicago Pacific Founders IV, L.P. IMRF is an existing investor in Chicago Pacific Founders, with $58 million in aggregate commitments. Chicago Pacific Founders qualifies as a woman-owned firm per the Illinois Pension Code.
• Up to $75 million to NMS Fund V, L.P. IMRF is an existing investor in NMS Capital, with $94 million in aggregate commitments. NMS qualifies as a minority-owned firm per the Illinois Pension Code.

As of June 30, 2025, the total IMRF portfolio was valued at $58.3 billion.

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