--- title: Illinois Municipal Looking to Add to Alts; Increasing Allocation to Minority, Women Firms description: Illinois Municipal Looking to Add to Alts; Increasing Allocation to Minority, Women Firms image: https://dakotafunds.com/hubfs/Imported_Blog_Media/chicago_public_pensions-3-3.jpg --- [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) ** - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) # Illinois Municipal Looking to Add to Alts; Increasing Allocation to Minority, Women Firms **Written by: ** Jane Bailey, Marketing Associate ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/chicago_public_pensions-3-3.jpg) According to a February 23rd news release, the Illinois Municipal Retirement Fund (IMRF) approved an updated strategic asset allocation mix including an increase to their target to alternative investments. The following updates were approved:  - U.S. Equity: 33.5% (-1%) - International Equity: 18% - Fixed Income: 24.5% - Private Real Assets: 10.5% - Alternative Investments: 12.5% (+1%) - Cash: 1% Also disclosed in the news release, the IMRF Board of Trustees approved recommended updates to the investment policy for minority, women and persons with disability owned firms.  The total Fund’s assets under management goal for minorities, women and persons with disabilities increased 2%, from 20% to 22%.  As of January 31, the total Illinois Municipal Retirement portfolio was valued at $52.3 billion.  *For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)! * Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [International Equities](https://dakotafunds.com/dakota-funds/tag/international-equities), [Equities](https://dakotafunds.com/dakota-funds/tag/equities), [Fixed Income](https://dakotafunds.com/dakota-funds/tag/fixed-income), [Real Assets](https://dakotafunds.com/dakota-funds/tag/real-assets) ### Recent Posts [EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners) April 04, 2024 [JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant) April 04, 2024 [$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary) April 03, 2024 [Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative) April 03, 2024 [NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate) April 03, 2024 ## Related Blogs April 27, 2023 #### Ohio School Employees Approves Three Alts Commitments; Increases Real Assets & PE Target The School Employees’ Retirement System of Ohio has approved three new alternative investment ,... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/ohio-school-employees-retirement-approves-three-investments) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Jane Bailey, Marketing Associate", "url" : "https://dakotafunds.com/dakota-funds/author/jane-bailey-marketing-associate" }, "dateModified" : "2024-04-04T20:35:18.031Z", "datePublished" : "2024-02-29T05:00:00.000Z", "headline" : "Illinois Municipal Looking to Add to Alts; Increasing Allocation to Minority, Women Firms", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/chicago_public_pensions-3-3.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/illinois-municipal-looking-to-add-to-alts-increasing-allocation-to-minority-women-firms", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```