Illinois Municipal Retirement Fund, Oak Brook, made new commitments totaling up to $85 million, spokesman John Krupa said in an email.
The $45.2 billion pension fund's board on Friday approved commitments of up to $60 million total to Versant Ventures Fund VIII, Versant Voyageurs II and Versant Vantage II, all venture capital funds managed by Versant Ventures.
IMRF previously committed up to $40 million to Versant Ventures Fund VII and up to $20 million to Versant Medical Technology Fund I in August 2018.
Also at its meeting Friday, the pension fund's board approved a commitment of up to $25 million to LSVP TIPL-D SPV, a venture capital fund managed by Lightspeed Venture Partners.
IMRF previously committed up to $25 million to Lightspeed India Partners III in May.
As of Sept. 30, the actual allocation to alternative investments was 6.2%; the target is 7%.