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Illinois Municipal invests in CBRE US value-add real estate fund

By Jon Peterson2021-04-01T12:25:00+01:00 Illinois Municipal Retirement Fund (IMRF) has approved a $100m (€85.3m) commitment to CBRE Global Investors’ US value-add real estate fund, according to the pension fund. IMRF is backing CBRE Strategic Partners US Value 9, a fund that raised half of its $2bn fundraising target during its second close in September last year. Fund 9 targets real estate assets like apartments, industrial, retail, office and mixed-use. The $45.2bn pension fund’s commitment is its first real estate investment following a real estate allocation increase from 8% to 9% in December last year. Through September of last year, IMRF had invested $2.9bn or 6.5% of its total plan assets in real estate.

Candidates for Maine Township supervisor vow to work together after chaotic four years

After four years of volatility on the Maine Township Board, candidates for supervisor say they are willing to work with whoever is elected to seats on the board in an effort to enact change.

HIG racks up $1 4bn for a credit fund

HIG racks up $1.4bn for a credit fund Tuesday, March 09, 2021 Laxman Pai, Opalesque Asia: Global alternative asset management firm H.I.G. Capital announced that its distressed debt and special situation affiliate H.I.G. Bayside Capital closed special situations credit fund H.I.G. Bayside Loan Opportunity Fund VI at $1.4 billion. According to a press release from the private equity and alternative assets investment firm with over $43 billion of equity capital under management, Fund VI exceeded its fundraising target. The target amount was not disclosed. H.I.G. Bayside Loan Opportunity Fund VI invests in U.S. small- and midcap special situation credit opportunities. The previous fund, H.I.G. Bayside Loan Opportunity Fund V, closed at $1.5 billion in 2019.

Springfield City Council to consider 2022 fiscal year budget

Springfield City Council to consider 2022 fiscal year budget
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