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SURS commits $100m to real assets

The US-based public pension allocates $100m to two real estate funds.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, US
AUM: $23.6 billion
Allocation to alternatives: 15.1%

State Universities Retirement System of Illinois has approved a total of $100 million in commitments to two real estate funds. $50 million was committed to Crow Holdings Realty Partners X and $50 million to the Cabot Industrial Value Fund VII.

Both Cabot Properties and Crow Holdings Capital have existing relationships with SURS. Crow administers $46 million and Cabot administers $35 million in SURS assets.

Illinois SURS has an allocation of 5.8 percent to real estate while its target stands at 8 percent. The US public pension’s recent fund commitments have predominately focused on North America.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments