Illinois Municipal Retirement Fund

About Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund's investment portfolio is valued at $54.98 billion as of July 31, 2024, with investments in private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, cash, and other alternative asset classes. The portfolio has achieved a total return of 9.70% since its inception on January 1, 1982. Its returns to quarter, 1 year, 3 years, 5 years, and 10 years are 1.97% 10.35%, 3.52%, 8.63%, and 7.75%, as compared to its benchmark returns of 1.96%, 10.75%, 3.36%, 8.46%, and 7.55%, respectively. As of July 31, 2024, the private equity portfolio was valued at $5.71 billion, representing 10.4% of the total portfolio. This is a decrease in allocation from January 31, 2024, when the fund had $5.28 billion invested in private equity. The private equity portfolio has achieved a return of 13.43% since its inception on February 1, 1986. As of July 31, 2024, the fund's private equity return for the quarter, 1 year, 3 years, 5 years, and 10 years returns are 1.37%, 2.78%, 10.24%, 16.13%, and 14.26%, as compared to its benchmark return of -3.48%, 21.94%, 7.75%, 8.25%, and 8.62%, respectively. Investments in private equity include buyout, co-investment, private debt, mezzanine, diversified private equity, private equity growth expansion, and venture capital strategies. As of January 31, 2024, the real asset and infrastructure portfolio were valued at $5.13 billion and $280.45 million respectively. The plan's investments are governed by the board of trustees, with Mr. Peter Stefan serving as President of the Board of Trustees & Member of the Audit Committee, Benefits Review Committee, Investment Committee, and Legislative Committee. Wilshire Associates serves as LP Consultants.