RFP - IMRF Closed-End Global Opportunistic Real Estate Fund Search

The Illinois Municipal Retirement Fund (IMRF) is requesting proposals from investment management firms offering closed-end global (two or more continents) opportunistic real estate products that have an investment strategy to invest in equity and debt real estate-related investments. IMRF has at least $25 million to allocate, and multiple products will be considered for the mandate. Fund of funds and secondary products will not be considered for this mandate.

Depending on the structure of the investment vehicle, respondents may need to be registered as an investment advisor or a bank as defined under the Investment Advisers Act of 1940.

Proposals must be received no later than end of business day on Friday, January 18, 2019. All proposals shall become the property of IMRF.

The Quiet Period for this RFP begins January 2, 2019. The Quiet Period for this process is the period of time beginning when the RFP is issued and ends when the investment manager is selected by the IMRF Board of Trustees or the process is declared to be complete. The requirements of the Quiet Period are in Section 1.3 of the RFP. Respondents shall not contact IMRF Board members during the Quiet Period. A respondent will be disqualified for violating the Quiet Period.

The RFP is available in the Business Opportunities section of the Investments tab on the IMRF website at www.imrf.org. All questions must be directed realassets@imrf.org.