IMRF confirms $80m in commitments

The US pension has backed a pair of private debt vehicles.

Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, US
AUM: $53.1 billion
Allocation to alternatives: 13.33%

Illinois Municipal Retirement Fund approved $80 million-worth of commitments to two private debt funds at its May 2021 board meeting, a contact at the pension informed Private Debt Investor.

The commitments comprised $40 million apiece to ABRY Senior Equity VI and Sterling Group Credit Fund II.

IMRF has a 0.37 percent allocation to private debt as of 31 March 2021.

As illustrated below, the $53.1 billion US pension’s private debt commitments predominantly focus on North American corporate debt funds.

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