# Illinois Firefighters' Pension Investment Fund

Illinois Firefighters' Pension Investment Fund is a Pension Fund based in Lombard, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Lombard, United States
- **Region:** North America
- **Address:** 1919 South Highland Avenue, Building A Suite 237, Lombard, IL, United States
- **Assets under management:** 10300 (Altss estimate)
- **Website:** ifpif.org
- **LinkedIn:** https://ifpif.org

## Regulatory record

- **Reports private funds:** No

## About

The Illinois Firefighters' Pension Investment Fund was established by state legislation to consolidate assets previously held by individual firefighter pension funds across Illinois. William R. Atwood leads day-to-day investment and operational decisions as Executive Director and Chief Investment Officer. The fund deploys capital across real estate, infrastructure, private equity and private credit. Real estate holdings include positions in the Morgan Stanley Prime Property Fund. Infrastructure commitments include mandates with KKR, IFM Investors, I Squared Capital and Stonepeak. Private equity exposure runs through Adams Street Partners and Pomona Capital vehicles. Allocations cover North America and OECD countries. Assets total $10.3 billion. The fund maintains a single headquarters in Lombard, Illinois. It works with Northern Trust as custodian, Marquette Associates and Meketa Investment Group as consultants, and Adams Street Partners as outsourced CIO for private equity. In March 2025 the fund presented portfolio performance and asset allocation details at the IGFOA Pension Institute Webinar Series. Governance rests with a nine-member Board of Trustees whose members are recommended by the Illinois Municipal League and the Associated Fire Fighters of Illinois. This structure separates trustee selection from investment execution while maintaining direct accountability to the underlying firefighter pension participants.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Private Credit

## People

- William R. Atwood — Executive Director and Chief Investment Officer
- Kevin Bramwell — Chairperson
- Doug Krieger — Vice Chairperson

## Questions

### Who runs investment decisions at the Illinois Firefighters' Pension Investment Fund?

William R. Atwood serves as Executive Director and Chief Investment Officer. A nine-member Board of Trustees provides oversight, with members recommended by the Illinois Municipal League and Associated Fire Fighters of Illinois.

### Does the fund participate in fund commitments or only direct deals?

The fund invests primarily through fund commitments and mandates. Confirmed holdings include commitments to KKR Infrastructure, IFM Investors, Stonepeak Fund V, Global Infrastructure Partners Fund V and Adams Street Venture Innovation Fund IV.

### What asset classes receive the largest allocations?

Real estate, infrastructure and private credit form core allocations. Real estate holdings exceed $500 million across core and non-core strategies. Infrastructure commitments total at least $157 million.

### Which external managers oversee portions of the portfolio?

Adams Street Partners acts as outsourced CIO for private equity. RockCreek manages the private credit allocation. Northern Trust serves as custodian.

### How is the fund related to the Illinois Police Officers' Pension Investment Fund?

Both entities were created by the same consolidation legislation, PA 101-0610. They operate as sister funds with parallel structures for different public safety pension systems.

## Related profiles

- [Flexstone Partners](https://altss.com/profile/euro-private-equity)
- [Brit Insurance Holdings](https://altss.com/profile/brit-insurance-holdings)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/illinois-firefighters-pension-investment-fund

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