Illinois Municipal backs Baring’s seventh fund

Illinois Municipal Retirement Fund, pension fund, private equity
An Illinois state flag waving in the four ground of the iconic Wrigley building. Photo courtesy of 400tmax/iStock/Getty Images
Illinois Municipal Retirement Fund at its Dec. 14 meeting re-upped $75 million to Baring Private Equity Asia’s seventh fund, targeting $5.5 billion. The pension system had committed $75 million to Baring’s sixth fund, which raised $3.9 billion in 2014. Baring ...

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