SURS approves $115m in commitments

The US public pension has backed two real estate vehicles.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
AUM: $19.08bn
Allocation to alternatives: 20.80%
Bitesize: $50-100m

State Universities Retirement System of Illinois (SURS) has approved commitments of $75 million to Westbrook Real Estate Fund XI and $40 million to Long Wharf Real Estate Partners Fund VI, according to a recent report on the pension’s website.

The $19.08 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 8.90 percent.

As illustrated in the charts below, SURS has made one other commitment to a real estate fund with a 2018 or 2019 vintage: €75 million to Blackstone Real Estate Europe Partners VI.

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