Illinois Municipal commits $170m to real estate
The $34.9 billion Illinois Municipal Retirement Fund has committed $170 million to three separate real estate funds.
The pension fund committed $100 million to The Blackstone Group’s recently launched Blackstone Real Estate Partners VIII fund. The opportunistic fund has a $15 billion fundraising target. The global fund has been generating a lot of interest. Recent investors include the $14.7 billion Ohio Police & Fire Pension Fund, the $20.5 billion New Mexico State Investment Council, the $44.7 billion Teachers’ Retirement System of Illinois, the $29