The board of trustees of the Illinois Municipal Retirement Fund approved at its February 27 board meeting the commitment of $249 million to existing real assets and alternative investments managers.
For real assets, the IMRF committed up to $75 million to Crow Holdings Reality Partners XI L.P., an existing manager to which it has made $205.7 million in aggregate commitments. The fund also allocated $35 million to Longpoint Fund IV, with which it now has $45 million in aggregate commitments.
Additionally, the fund committed up to $59 million to Europe-focused Inflexion Buyout Fund VII L.P. Prior to this mandate, the IMRF had $1.1 billion in aggerate commitments with Inflexion. The IMRF also committed up to $50 million and $30 million to STG Allegro II L.P. and Lightbank Access I L.P., respectively, with prior aggregate commitments of $53 million and $30 million.
As of September 30, 2025, the IMRF allocated 34% of its assets to domestic equity, 23.7% to fixed income, 19.2% to international equity, 12.3% to alternative investments, 9.4% to private real assets, and 1.5% to cash and cash equivalents.
As of December 31, 2025, the IMRF managed $60.8 billion in assets.
