Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, US
AUM: $56.8 billion
Allocation to alternatives: 12.8 percent
In a press release following the pension’s February investment committee meeting, the pension announced that it will increase its target for investing into minority investment managers into the private equity market moving forward. This will increase to 25 percent by 1 March 2022 from a previous target of 22 percent.
The $56.8 billion US public pension’s recent private equity commitments have tended to target North American venture/growth equity vehicles.
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