Illinois Municipal Retirement Fund

About Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund is a public pension fund whose portfolio was valued at $54.98 billion as of July 31, 2024. It holds private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, cash, and other alternative asset classes. Since inception on January 1, 1982, the portfolio has returned 9.70% in total. Returns for the quarter, 1 year, 3 years, 5 years, and 10 years are 1.97%, 10.35%, 3.52%, 8.63%, and 7.75%, against benchmark returns of 1.96%, 10.75%, 3.36%, 8.46%, and 7.55%, respectively. On July 31, 2024, the private equity portfolio stood at $5.71 billion, or 10.4% of the total portfolio. That allocation rose from January 31, 2024, when private equity totaled $5.28 billion. Since inception on February 1, 1986, the private equity portfolio has returned 13.43%. As of July 31, 2024, its returns for the quarter, 1 year, 3 years, 5 years, and 10 years are 1.37%, 2.78%, 10.24%, 16.13%, and 14.26%, against benchmark returns of -3.48%, 21.94%, 7.75%, 8.25%, and 8.62%, respectively. Private equity strategies include buyout, co-investment, private debt, mezzanine, diversified private equity, private equity growth expansion, and venture capital. As of January 31, 2024, the real asset portfolio was valued at $5.13 billion and the infrastructure portfolio at $280.45 million. The board of trustees governs the plan's investments. Mr. Peter Stefan is President of the Board of Trustees and sits on the Audit Committee, Benefits Review Committee, Investment Committee, and Legislative Committee. Wilshire Associates acts as LP Consultants.

Real estate mandate

Contacts at Illinois Municipal Retirement Fund