February 27, 2026
OAK BROOK, Ill. – On Friday, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees approved commitments of up to $249 million to the Real Assets and Alternatives asset classes, of which $35 million or 14% was committed to a minority-owned firm.
The Board approved the following commitments, subject to satisfactory legal due diligence:
Real Assets
- Up to $75 million Crow Holdings Realty Partners XI, L.P. IMRF is an existing investor in Crow Holdings, with $205.7 million in aggregate commitments.
- Up to $35 million to Longpoint Fund IV, L.P. IMRF is an existing investor in Longpoint Partners with $45 million in aggregate commitments. Longpoint qualifies as a minority-owned firm per the Illinois Pension Code
Alternative Investments
- Up to $59 million to Inflexion Buyout Fund VII, L.P. IMRF is an existing investor in Inflexion, with $1.1 billion in aggregate commitments.
- Up to $30 million to Lightbank Access I, L.P. IMRF is an existing investor in Lightbank, with $30 million in aggregate commitments.
- Up to $50 million to STG Allegro II, L.P. IMRF is an existing investor in STG with $53 million in aggregate commitments.
As of December 31, 2025, the total IMRF portfolio was valued at $60.8 billion.
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