Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, United States
AUM: $42.70bn
Allocation to alternatives: 10.81%
Bitesize: $50-100m
Illinois Municipal Retirement Fund (IMRF) has approved a $100 million commitment to Blackstone Real Estate Debt Strategies IV, according to a recent report on the pension’s website. The series focuses on the origination of subordinated / mezzanine debt within North American and Western European real estate.
As illustrated in the charts below, IMRF has made three commitments to private debt funds with a 2019 vintage. Aside from the commitment to the aforementioned Blackstone fund, the pension has also committed $50 million to Vista Credit Opportunities Fund III and $75 million to Clearlake Opportunities Partners II.
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