IMRF confirms $50m commitment

The Illinois-based public pension has backed Vista Equity Partners' third Credit Opportunities Fund.

Institution: Illinois Municipal Retirement Fund
Headquarters: Oak Brook, United States
AUM: $41.50bn
Allocation to alternatives: 10.80%
Bitesize: $50-100m

Illinois Municipal Retirement Fund (IMRF) agreed to commit $50 million to Vista Credit Opportunities III at its March Board meeting, a contact at the pension informed Private Debt Investor. The recently-launched fund focuses on the acquisition of senior debt in North America.

As illustrated in the charts below, this is the US public pension’s first commitment to a private debt fund with a 2019 vintage. IMRF previously committed $75 million to ABRY Advanced Securities Fund IV, a fund focused on senior debt origination rather than acquisition.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.