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SURS approves $50m commitment

The Illinois-based public pension has backed Crow Holdings' ninth series value-add vehicle.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
AUM: $19.27bn
Allocation to alternatives: 14.3%
Bitesize: $50-100m

State Universities Retirement System of Illinois has confirmed a commitment of $50 million to Crow Holdings Realty Partners IX, according to a release on the pension’s website summarising its March 2020 board meeting.

The $19.27 billion US public pension has an 8.0 percent allocation to real estate that currently stands at 6.40 percent.

As illustrated below, SURS has made five commitments to real estate vehicles with a 2018 or 2019 vintage, which combined constitute $300 million.

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