Illinois Municipal Retirement Fund has made $110m (€94.8m) worth of US real estate commitments to funds managed by Crow Holdings and Longpoint.
The pension fund disclosed in a board meeting document that it has placed $75m into the Crow Holdings Realty Partners XI and made a $35m commitment to Longpoint Fund IV.
As previously reported, Crow Holdings is seeking to raise $3.25bn for the new fund, with a hard cap set at $4bn.
The capital raise for the fund is in its early stages, with a first close expected in April 2026. A date for the final close has yet to be determined.
The fund mainly targets industrial, multifamily and manufactured housing properties.
SEC disclosure reveals that Longpoint’s latest logistics fund reached $494m in commitments earlier this year.
The final fundraising target remains undisclosed.
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