Illinois Municipal Retirement Fund commits to Blackstone, Long Wharf, Security Capital real estate funds

The $48.4 billion Illinois Municipal Retirement Fund (IMRF) has disclosed several real estate commitments in its recent investment report.

The pension fund approved up to $75 million of commitments to Blackstone Real Estate Debt Strategies V. The fifth fund in the series will pursue property-related investments in public and private debt around the world, with a particular focus on the United States. The debt fund opened to investors earlier this year. IMRF is an existing investor in Blackstone funds, totaling $1.27 billion in aggregate commitments.

In addition, IMRF has allotted up to $50 million to Long Wharf Real Estate Partners VII, which opened to investors in January with a $500 million fundraising target. The vehicle is looking to invest in office, industrial, multifamily and retail assets in the United States. IMRF is an existing investor in Long Wharf Real Estate Partners funds, totaling $78.7 million in aggregate commitments.

The pension fund also slat