Emerging and Minority-Owned Managers

Office meeting

IMRF is committed to diversity in the hiring of Emerging and Minority-owned investment managers. It is the policy of the Board to include qualified businesses owned by minorities, women, and persons with a disability in the investment manager selection process and to objectively evaluate all qualified investment manager candidates regardless of race, gender or handicap.

Emerging Investment Manager

"Emerging investment manager" means a qualified investment adviser that manages an investment portfolio of at least $10,000,000 but less than $10,000,000,000 and is a minority-owned business, women-owned business or business owned by a person with a disability as those terms are defined in the Business Enterprise for Minorities, Women, and Persons with Disabilities Act.

Minority Investment Manager

"Minority investment manager" means a qualified investment manager that manages an investment portfolio and meets the definition of minority-owned business, women-owned business, or business owned by a person with a disability, as those terms are defined in the Business Enterprise for Minorities, Women, and Persons with Disabilities Act.

As of June 30, 2019

African American

Classification Manager Name Asset Class Account Type
Emerging Advent Capital Fixed Income Progress Investment Management MOM
Emerging Basis Investment Group Real Estate Artemis Minority Real Estate MOM
Minority Brown Capital Management, Inc. International Equity Direct Mandate
Minority Brown Capital Management, Inc. International Equity Progress Investment Management MOM
Emerging Channing Capital Management Domestic Equity Direct Mandate
Minority Capstone Development Real Estate Artemis Minority Real Estate MOM
Emerging DBL Equity Fund- BAEF II, L.P. Private Equity Muller & Monroe M2 Private Equity FOF
Minority Earnest Partners Fixed Income Direct Mandate
Minority Earnest Partners International Equity Direct Mandate
Emerging ICV Capital Partners III, L.P Private Equity Abbott Capital FOF
Emerging ICV Capital Partners III, L.P. Private Equity Direct Mandate
Emerging ICV Capital Partners III, L.P. Private Equity Pantheon FOF
Emerging ICV Capital Partners IV, L.P. Private Equity Direct Mandate
Emerging ICV Capital Partners IV, L.P. Private Equity Abbott Capital FOF
Emerging
ICV Capital Partners IV, L.P. Private Equity Pantheon FOF 
Emerging Jair Lynch - Takoma Central Real Estate Artemis Minority Real Estate MOM
Emerging Jair Lynch - Half Street Real Estate Artemis Minority Real Estate MOM
Emerging JLC Infrastructure Fund I Real Estate Direct Mandate
Emerging MCB Real Estate Real Estate Artemis Minority Real Estate MOM
Emerging Muller & Monroe M2 Private Equity FOF Private Equity Direct Mandate
Minority Piedmont Investment Advisors Fixed Income Direct Mandate
Minority Piedmont Investment Advisors Domestic Equity Direct Mandate
Emerging Progress Investment Management MOM Fixed Income Direct Mandate
Emerging Progress Investment Management MOM International Equity Direct Mandate
Emerging Pugh Capital Management Fixed Income Progress Investment Management MOM
Emerging Smith Graham Fixed Income Progress Investment Management MOM
Emerging Smith Whiley Pelham Fund III, L.P. Private Equity Muller & Monroe M2 Private Equity FOF
Minority Vista Credit Opportunity Fund I, L.P. Private Equity Direct Mandate
Minority Vista Credit Opportunity Fund II, L.P. Private Equity Direct Mandate
Minority Vista Equity Partners V, L.P. Private Equity Direct Mandate
Minority Vista Equity Partners VI, L.P. Private Equity Direct Mandate
Minority Vista Equity Partners VII, L.P. Private Equity Direct Mandate
Minority Vista Foundation Fund II, L.P. Private Equity Direct Mandate
Minority Vista Foundation Fund III, L.P. Private Equity Direct Mandate
Emerging Vistria Fund, L.P. Private Equity Direct Mandate
Emerging Vistria Fund, L.P. Private Equity Pantheon FOF
Emerging Vistria Fund II, L.P. Private Equity Direct Mandate
Emerging Vistria Fund II, L.P. Private Equity Pantheon FOF
Emerging Vistria Fund III, L.P. Private Equity Direct Mandate

Latino

Classification Manager Name Asset Class Account Type
Emerging Ativo Capital Management, LLC International Equity Direct Mandate
Emerging Ativo Capital Management, LLC International Equity Progress Investment Management MOM
Emerging AUA Private Equity Fund, L.P. Private Equity Direct Mandate
Emerging Clearlake Capital Partners III Private Equity Abbott Capital FOF
Emerging Clearlake Capital Partners V Private Equity Direct Mandate
Emerging Clearlake Capital Partners V Private Equity Abbott Capital FOF
Emerging Clearlake Opportunities Partners II Private Equity Direct Mandate
Emerging Estancia Capital Partners, L.P. Private Equity Direct Mandate
Emerging Frontier Global Partners International Equity Progress Investment Management MOM
Minority Garcia Hamilton & Associates Fixed Income Direct Mandate
Minority Garcia Hamilton & Associates Fixed Income Progress Investment Management MOM
Emerging GIA Partners, LLC Fixed Income Progress Investment Management MOM
Emerging Hispania Private Equity II, L.P. Private Equity Muller & Monroe M2 Private Equity FOF
Emerging Hudson Realty Capital Fund V, L.P. Real Estate Franklin Templeton Emerging Manager Real Estate FOF
Emerging LM Capital Group Fixed Income Direct Mandate
Emerging Long Wharf Real Estate Partners IV, L.P. Real Estate Franklin Templeton Emerging Manager Real Estate FOF
Emerging Long Wharf Real Estate Partners V, L.P. Real Estate Franklin Templeton Emerging Manager Real Estate FOF
Emerging Long Wharf RE Partners VI Real Estate Direct Mandate
Emerging New MainStream Capital Fund II, L.P. Private Equity Direct Mandate
Emerging New MainStream Capital Fund II, L.P. Private Equity Abbott Capital FOF
Emerging New MainStream Capital Fund II, L.P. Private Equity Pantheon FOF
Emerging New MainStream Capital Fund III, L.P. Private Equity Direct Mandate
Emerging New MainStream Capital Fund III, L.P. Private Equity Abbott Capital FOF
Emerging New MainStream Capital Fund III, L.P.
Private Equity Pantheon FOF 
Emerging Palladium Equity Partners V Private Equity Abbott Capital FOF
Emerging Oak Street Real Estate Capital III Real Estate Direct Mandate
Emerging Oak Street Real Estate Capital IV Real Estate Direct Mandate
Emerging Oak Street Seeding Minority FOF Real Estate Direct Mandate
Emerging Olympus Property Real Estate Artemis Minority Real Estate MOM
Emerging Pillar Real Estate Fund I Real Estate Oak Street Seeding Minority FOF
Emerging Ramirez Asset Management Inc. Fixed Income Progress Investment Management MOM
Emerging Valor Equity Partners III, L.P. Private Equity Direct Mandate
Emerging Valor Equity Partners IV, L.P. Private Equity Direct Mandate
Emerging Valor M33 II  Private Equity  Direct Mandate 

Women

Classification Manager Name Asset Class Account Type
Emerging 1315 Healthcare Fund Private Equity Abbott Capital FOF
Emerging  1315 Healthcare Fund II  Private Equity  Abbott Capital FOF 
Emerging Artemis Real Estate Partners MWBE Spruce Program Real Estate Direct Mandate
Emerging Artemis Real Estate Partners Healthcare Fund I Real Estate Artemis Minority Real Estate MOM
Emerging Artemis Real Estate Partners Healthcare Fund I Real Estate Direct Mandate
Emerging Artemis Real Estate Partners Fund III Real Estate Direct Mandate
Emerging Canvas Ventures 2 Private Equity Abbott Capital FOF
Emerging Chicago Pacific Founders Fund II Private Equity Abbott Capital FOF
Emerging CRES Management Real Estate Artemis Minority Real Estate MOM
Emerging GlobeFlex Capital International Equity Direct Mandate
Minority Longfellow Investment Management Fixed Income Progress Investment Management MOM
Emerging Metis Global Partners International Equity Progress Investment Management MOM
Emerging New Century Advisors Fixed Income Progress Investment Management MOM
Emerging Oak HC/FT Partners, L.P. Private Equity Abbott Capital FOF
Emerging Oak HC/FT Partners II, L.P. Private Equity Abbott Capital FOF
Emerging Oak HC/FT Partners, L.P. Private Equity Pantheon FOF
Emerging Oak HC/FT Partners II, L.P. Private Equity Pantheon FOF
Emerging Rondure Global Advisors International Equity Progress Investment Management MOM
Emerging Strategic Global Advisors, LLC International Equity Progress Investment Management MOM

Asian

Classification Manager Name Asset Class Account Type
Emerging Arga Investment Management, L.P. International Equity Progress Investment Management MOM
Emerging GreenOak Co-Investment I Real Estate Franklin Templeton Emerging Manager Real Estate FOF
Emerging GreenOak US Parallel, L.P. Real Estate Franklin Templeton Emerging Manager Real Estate FOF
Emerging Khosla Ventures III, L.P. Private Equity Pantheon FOF
Emerging Khosla Ventures IV, L.P. Private Equity Pantheon FOF
Emerging Khosla Ventures Seed B, L.P. Private Equity Pantheon FOF
Emerging Khosla Ventures Seed C, L.P. Private Equity Pantheon FOF
Emerging Khosla Ventures Seed, L.P. Private Equity Pantheon FOF
Emerging Khosla Ventures V, L.P. Private Equity Pantheon FOF
Emerging Khosla Ventures VI, L.P. Private Equity Pantheon FOF
Emerging Khosla Ventures Seed D, L.P. Private Equity Pantheon FOF
Emerging Mayfield Fund XIV, L.P Private Equity Direct Mandate
Emerging Mayfield Fund XV, L.P Private Equity Direct Mandate
Emerging Mayfield Select Private Equity Direct Mandate
Emerging Noble Hospitality Fund II, L.P. Real Estate Franklin Templeton Emerging Manager Real Estate FOF
Emerging Patch Capital Partners Fund I Real Estate Oak Street Seeding Minority FOF
Emerging Storm Ventures Fund V, L.P. Private Equity Abbott Capital FOF
Emerging Vivo Capital Fund VIII, L.P. Private Equity Abbott Capital FOF
Emerging Vivo Ventures VII, L.P. Private Equity Abbott Capital FOF

Disabled

Classification Manager Name Asset Class Account Type
Emerging Newport Capital Partners I, L.P. Real Estate Franklin Templeton Emerging Manager Real Estate FOF