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.

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