SURS approves $150m in real estate commitments

The US public pension has backed two real estate vehicles.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
AUM: $19.70bn
Allocation to alternatives: 16.30%
Bitesize: $50-100m

State Universities Retirement System of Illinois has agreed to commit $100 million to Prologis’ open-ended Targeted US Logistics Fund and $50 million to Cabot Industrial Value Fund VI, according to a recent report on the pension’s website. Both commitments from SURS are to first-time managers.

The $19.70 billion US public pension has an 8.0 percent target allocation to real estate that currently stands at 8.70 percent.

As illustrated below, SURS has made four commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $249 million.

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