The Illinois Municipal Retirement Fund (IMRF) has approved up to $125 million in commitments to private equity in their February Board Meeting.
The board approved the commitment of up to $75 million to Sterling Group Partners VI.
The Retirement Fund has previously invested in Sterling funds totalling $147.5 million in aggregate commitments.
Additionally, a $50 million commitment was approved for Clearlake Capital Partners VIII. IMRF has previously invested $396.9 million to Clearlake funds.
As of January 31, the Retirement Fund was valued at $52.3 billion.
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