Today, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees made multiple announcements, including: the certification of this year’s election results; two private equity commitments; two real estate commitments; and the hiring of FactSet, subject to satisfactory legal due diligence.
2016 Board of Trustees Election Results
The Board certified the winners of this year’s elections. Alex Wallace, of Oswego, was appointed to the Board in May of this year, upon the retirement of a longtime Trustee. He ran unopposed this fall, and upon completion of his replacement tenure, will begin his full, four-year term on January 1, 2017.
David Miller, a Trustee since 2015, was re-elected to a new five-year term.
Private Equity Commitments
The Board approved the following:
- $25 million to ABRY Senior Equity V, L.P.
- $35 million to EnCap Energy Capital Fund XI, L.P.
Real Estate Commitments
The Board approved the following:
- $75 million to Crow Holdings Realty Partners VIII, L.P.
- $75 million to Oak Street Real Estate Capital Fund IV, L.P.,
Risk Management Tools
In an effort to analyze investment portfolio risk, performance, rebalancing, and asset allocations, the Board approved the hiring of FactSet, a multinational financial data and software company that provides risk management services. In addition, the Board approved the usage of eVestment, to assist with analytics and monitoring.
As of September 30, 2016, the IMRF total portfolio was valued at $35.8 billion.
