Illinois Municipal commits to four real estate funds
The Illinois Municipal Retirement Fund has committed $200 million to four real estate funds.
The $34.9 billion pension fund has committed $75 million to Crow Capital Realty Partners VII, $50 million to Rockwood Capital Real Estate Partners Fund X, $50 million to The Realty Associates Fund XI and $25 million to Oak Street Real Estate Capital Fund III.
Earlier this month the State Universities Retirements System of Illinois also committed to Oak Street Real Estate Capital Fund III.
IMRF has previously committed to Rockwood Capital Partners and The Realty Associates; Crow Holdings and Oak Street are both new managers.
According to a statement released on its website, IMRF’s commitment to these U.S. value-added funds will help the pension fund reach its strategic asset allocation to real estate and will increase diver