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IMRF makes $200m commitment

The US public pension backed five private equity funds, two of which are managed by FirstMark Capital.

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Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, US
AUM: $54.7 billion
Allocation to alternatives: 15.7%

Illinois Municipal Retirement Fund has announced that it will commit up to $200 million across five private equity funds, according to a press release from the pension.

The pension committed $25 million each to two funds managed by FirstMark Capital, FirstMark Capital VI and FirstMark Capital OF IV. A further $75 million was committed to Valor Equity Partners VI, $50 million to Waud Capital Partners VI and $25 million to BPOC Fund VI.

The $54.7 billion US public pension’s recent private equity commitments have tended to target either venture capital or growth equity vehicles that focus on North America.

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