IMRF commits $50m to private debt

The public pension fund has backed Pemberton Strategic Credit Opportunities Fund IV.

Institution: Illinois Municipal Retirement Fund (IMRF)
Headquarters: Oak Brook, US
AUM: $54.92bn
Allocation to private debt: 1.35%

The Illinois Municipal Retirement Fund has confirmed a new commitment of $50 million to private debt.

The pension fund made a commitment of $50 million to Pemberton Strategic Credit Opportunities Fund IV, managed by Pemberton Asset Management.

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