Illinois Municipal Retirement Fund Commits $544M Alts
Written by: Helen Bascom, Marketing Associate
The Illinois Municipal Retirement Fund disclosed seven recent commitments totaling $544 million to alternatives, according to materials from the December 14th Board of Trustees meeting.
Within private credit, $100 million was committed to AG Direct Lending Evergreen Fund, $100 million to Atalaya A4, $100 million to Comvest Credit Partners VII, $50 million to Capital Spring Senior Income Fund II, and $50 million to PennantPark Credit Opportunities Fund IV.
In real estate, $109 million was committed to Ares European Property Enhancement Partners. And in private equity, $35 million to Coalesce Capital Fund I.
As of September 30, 2023, the $49 billion pension fund allocates 11.5% to alternative investments with a target of 11.3%.
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