The Illinois Municipal Retirement Fund (IMRF) has approved $100 million in commitments to real assets funds. This information was approved on Dec. 20, 2024, according to IMRF investments news.
Star Lake Opportunity Fund V received $50 million. This fund is a vehicle of J.P. Morgan Asset Management Global Real Assets, and IMRF has $150 million in aggregate commitments. A fundraising goal has not been determined.
TA Realty Residential Real Estate Fund is a core-plus open-end fund that is focused on multifamily properties in the United States. This fund received $50 million and is a vehicle of TA Realty Funds, to which IMRF has made $175 million in aggregate commitments.
IMRF is a public pension fund that provides local government and school district employees with retirement, disability and death benefits. As of Oct. 31, it had $55.1 billion in total assets, with 11 percent allocated to real estate assets. As of Dec. 31, 2023, IMRF has $5.1 billion allocated to re
