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Illinois pension fund commits $150M to Blackstone, Rockwood Capital RE funds

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Illinois pension fund commits $150M to Blackstone, Rockwood Capital RE funds

The Illinois Municipal Retirement Fund, or IMRF, will invest a total of up to $150 million in two real estate funds.

The pension fund will commit up to $100 million in Blackstone Real Estate Debt Strategies IV LP, a real estate debt fund managed by Blackstone Group LP, and up to $50 million of capital into Rockwood Capital Real Estate Partners Fund XI LP, a real estate fund managed by Rockwood Capital LLC.

On the private equity front, the pension fund intends to inject as much as $200 million into the HarbourVest Partners LLC-managed HarbourVest 2019 Global Fund LP and up to €50 million into IK Investment Partners' IK IX Fund.