Illinois Municipal Retirement Fund, Oak Brook, approved new commitments totaling up to $200 million.
The $56.1 billion pension fund’s board at its March 28 meeting approved commitments of up to $50 million each to Hg Saturn 4, a European large buyout fund managed by Hg Capital; Kayne Attainable Housing Fund, a residential real estate fund managed by Kayne Anderson Capital Advisors; Pemberton Strategic Credit Fund IV, a direct lending fund managed by Pemberton Asset Management; and opportunistic real estate fund Virtus Real Estate Capital IV, said an update on its website.
The real estate commitments were the result of a residential real estate RFP issued in October.
As of Dec. 31, IMRF’s actual allocations to alternative investments and private real assets were 12.1% and 9.6%, respectively; their respective targets are 12.5% and 10.5%.
