Illinois Municipal builds separate accounts with Goldman, HarbourVest

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An Illinois state flag waving in the four ground of the iconic Wrigley building. Photo courtesy of 400tmax/iStock/Getty Images
  • Sets up two more separate accounts for private equity
  • Current asset allocation is 3.7 pct vs a 7 pct target
  • Re-ups of $150 mln to two managers
Illinois Municipal Retirement Fund partnered with Goldman Sachs and HarbourVest on fund-of-one accounts to expand its exposure to private equity. The pension fund committed $100 million to Goldman and $200 million to HarbourVest in evergreen separate accounts, according to a press release. It’s not ...

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