Illinois Municipal Retirement Fund, Oak Brook, committed up to $65 million in co-investments to two Almanac Realty Investors funds, confirmed spokeswoman Linda Horrell, in an e-mail.
The $26.6 billion retirement fund committed up to $50 million to Almanac Realty Securities Fund VI and up to $15 million to Almanac Realty Securities Fund VI Sidecar II.
The commitments are part of the retirement fund's effort to get closer to its real estate target allocation of 6%. As of Feb. 29, the retirement fund's actual allocation was 2.9%.
