Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, US
AUM: $53.1 billion
Allocation to alternatives: 13.33%
Illinois Municipal Retirement System has approved a $100 million commitment to Partners Group Direct Infrastructure 2020, according to meeting minutes from the pension’s May 2021 board meeting, a contact at the pension informed Infrastructure Investor.
Partners Group launched Direct Infrastructure 2020 in December 2019, with the vehicle targeting $5 billion in equity capital. As of 31 March 2021, 50 percent of that target has been met.
IMRF has a 0.14 percent allocation to infrastructure. Alternative investments constitute 13.33 percent of the institution’s full investment portfolio.
As illustrated below, IMRF’s recent infrastructure commitments primarily focus on North American energy vehicles.
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