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Alternative Assets  + Private Equity  + Real Assets  | 
Illinois Pension Fund Approves $315M to Private Markets

Illinois Pension Fund Approves $315M to Private Markets 

The Illinois Municipal Retirement Fund (IMRF) added another $315 million to its private markets’ portfolio at a recent board of trustees meeting. 

Officials at the $49.9 billion state pension approved $205 million to private equity and $110 million to real assets. The moves follow an approved investment policy in February that decreased the maximum commitment to any one private real asset or alternatives investment manager to 35% from 40%. In recent months, real estate and private equity investments have been added to the portfolio. 

The fund’s private equity allocations include up to $75 million to Vistria Fund V, L.P. IMRF is an existing investor in Vistria funds with $268.9 million in aggregate commitments; up to $50 million to KKR Ascendant Fund SCSP. IMRF has committed $57.7 million to KKR funds; up to $50 million to H.I.G. Bayside Loan Opportunity Fund VIII, L.P. IMRF has made $47.2 million in aggregate commitments to H.I.G. funds. 

The fund’s real assets allocations include up to $75 million to Crow Holding Realty Partners X, L.P. IMRF has allocated $293.1 million to Crow funds; and up to $35 million to EnCap Energy Capital Fund XII, L.P. IMRF has deployed $160 million in aggregate commitments to EnCap funds. 

Connect with Nexpoint Advisors, L.P. Chief Market Strategist Mike Hurley, CMT by joining us at the Connect Money: Alternative Assets Conference on June 14 in Chicago at the W City Center. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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