US pension commits $200m to Baring PE Asia, Blackstone's Asia real estate fund

US pension commits $200m to Baring PE Asia, Blackstone's Asia real estate fund

Hong Kong. Source: Robert Bye/Unsplash

The Illinois Municipal Retirement Fund (IMRF) Board of Trustees has approved up to $100 million commitment each to Baring Asia’s eighth private equity fund and Blackstone’s third Asia real estate fund.