This allocator's name, 1 more person and 2 more dated events

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State retirement system in Illinois

State retirement systemmunicipal· Illinois

State retirement system, based in Illinois, reporting $63B in assets, for 492,959 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$63B
Private allocation
24.5%
Open searchesAllocation policyConsultants
More
People
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 31 Dec 2025, Changed its allocation policy 9 months ago.

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 4
State retirement system in Illinois
Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$63B
Fiduciary net position, Dec 31, 2025 reported
Funded
not on record
not filed
Private markets target
24.5%
policy Dec 31, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Dec 31, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Cash EquivalentsCash1.0%reported imrf.org
Fixed IncomeFixed income24.0%reported imrf.org
Alternative InvestmentsPrivate equity14.0%reported imrf.org
Domestic EquityPublic equity32.5%reported imrf.org
International EquityPublic equity18.0%reported imrf.org
Real EstateReal estate10.5%reported imrf.org
Policy periods on the tape: Dec 31, 2025 (ACFR), Dec 31, 2024 (ACFR). Target changes between periods are on the what changed list.
Consultants and advisers
3 firms
People
4 roles
Chief investment officer
Angela Miller-May
Chief Investment Officer (Dec 31, 2025) imrf.org
ANGELA MILLER-MAY Chief Investment Officer
  • Vladimir Shuliga Interim Executive Director & General CounselExecutive director / CEO
  • Elizabeth Govea Managing Investment Officer Private MarketsInvestment officer

+1 more person on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

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Manager roster
No manager relationship is on the tape for this allocator.
What changed
7 events

+2 more dated events

Every name, record and relationship behind this count, with the source on each.

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
58 readings
Total assets
$52B Jun 30, 2024 derived Census ASPP
$48B (2023-06) · $57B (2022-06)
Fiduciary net position
$63B Dec 31, 2025 reported ACFR
$103B (2024-06) · $94B (2023-06) · $112B (2022-06)
Long-term investments
$51B Jun 30, 2024 reported Census ASPP
$48B (2023-06) · $57B (2022-06)
Total pension liability
$9.0B Jun 30, 2024 reported Census ASPP
$13B (2023-06) · -$10.0B (2022-06)
Discount rate
7.25% Jun 30, 2024 reported Census ASPP
7.25% (2023-06) · 7.25% (2022-06)
Participants
492,959 Jun 30, 2024 derived Census ASPP
468,425 (2023-06) · 457,835 (2022-06)
Active members
181,205 Jun 30, 2024 derived Census ASPP
174,210 (2023-06) · 172,310 (2022-06)
Beneficiaries
154,554 Jun 30, 2024 reported Census ASPP
150,010 (2023-06) · 147,134 (2022-06)
Benefits paid
$3.0B Jun 30, 2024 reported Census ASPP
$2.7B (2023-06) · $2.6B (2022-06)
Investment expense
$215M Jun 30, 2024 reported Census ASPP
$173M (2023-06) · $187M (2022-06)
Provenance
Identifiers: none on file
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 29, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio, fund commitments.

Record history

7 dated events on the change ledger, latest first
  • Allocation target changed
    2025-12-31source
  • Allocation target changed
    2025-12-31source
  • Allocation target changed
    2025-12-31source

+4 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+3 connections on the graph

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