Institution: Illinois Municipal Retirement Fund
Headquarters:Â Oak Brook, US
AUM: $49.4 billion
The Illinois Municipal Retirement Fund revealed in its 25 August board meeting plans to commit up to $554 million towards private debt.
The largest of the commitments was up to $125 million to a Jefferies Direct Lending separately managed account. Other notable commitments included up to $75 million allocated to two minority owned managers MC Credit Partners, and Crayhill Capital Management.
The commitments were made on the back of an RFP issued in April for private debt fund managers. Of those commitments, 40 percent were to minority-owned fund managers, thus strengthening the pension fund’s commitment towards diversity.
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