Illinois MRF seeks closed-end global opportunistic real estate fund managers

The Illinois Municipal Retirement Fund is requesting proposals from investment management firms offering closed-end global (two or more continents) opportunistic real estate products that have an investment strategy to invest in equity and debt real estate–related investments.

IMRF has at least $25 million to allocate, and multiple products will be considered for the mandate. Funds of funds and secondary products will not be considered for this mandate.

Depending on the structure of the investment vehicle, respondents may need to be registered as an investment adviser or a bank as defined under the Investment Advisers Act of 1940.

Proposals must be received no later Jan.18, 2019. You can find the full RFP here.illin