The Illinois Municipal Retirement Fund (IMRF) board of trustees has approved up to $195 million in commitments within its real assets allocation.
The board approved the following commitments, subject to satisfactory legal due diligence:
Up to $35 million to Lena Specialty Grocer Fund III, managed by Longpoint Partners. IMRF is an existing investor in Longpoint Partners, with $10 million in aggregate commitments. Longpoint Partners qualifies as a minority-owned firm per the Illinois Pension Code.
Up to $35 million to Newport Capital Partners Fund IV. IMRF is an existing investor in Newport Capital Partners, with $54.8 million in aggregate commitments. Newport Capital Partners qualifies as a service-disabled, veteran-owned firm per the Illinois Pension Code.
Up to $50 million to Artemis Real Estate Healthcare Fund III, IMRF is an existing investor in Artemis, with $975 million in aggregate commitments.
Up to $75 million to TA Realty Value
