The Illinois Municipal Retirement Fund’s (IMRF) Board of Trustees increased its total commitment to Torchlight Debt Opportunity Fund IV to $65 million, according to a statement released last Friday. The $32.3 billion retirement fund previously committed $30 million to the vehicle in October 2012.
The re-up comes at a good time for Torchlight Investors, which is said to be very close to hitting its $1 billion target for Fund IV, a source with knowledge of the fundraise told Private Debt Investor.
