Illinois Municipal Retirement Fund, Oak Brook, approved four new commitments totaling up to $250 million.
The $56.4 billion pension fund’s board at its Nov. 22 meeting approved commitments of up to $100 million to BPEA Private Equity Fund IX, an Asia-focused buyout fund managed by EQT Private Capital Asia; up to $75 million to BIG Real Estate Fund III, a real estate debt fund managed by Basis Investment Group; up to $50 million to FP Credit Partners III, a direct lending fund managed by Francisco Partners; and up to $25 million to Grain Communications Opportunity Fund IV, a telecommunications-focused infrastructure fund managed by Grain Management, a news release said.
As of Sept. 30, the pension fund’s actual allocations to alternative investments and private real assets were 11.5% and 9.3%, respectively; their respective targets are 12.5% and 10.5%.
