SURS commits $90 million to real estate funds

The pension fund announced two real estate commitments following its recent board meeting.

Name: State Universities Retirement System of Illinois
Headquarters: Champaign, US
AUM: $22.36 billion
Allocation to real estate: 9.27%

State Universities Retirement System of Illinois has committed $90 million to private real estate funds.

The public pension fund allocated $50 million to Brasa Real Estate Fund III and $40 million to Long Wharf Real Estate Partners VII, according to a recent press release. The pension’s pacing plan says it hopes to commit $200 million to closed-end real asset funds in 2023.

The newly announced commitments build on SURS’ existing relationships with Brasa Capital and Long Wharf Capital – the pension fund had previously committed $40 million each to Brasa Real Estate Fund II and Long Wharf Real Estate Partners VI.

SURS allocates 9.27 percent of its total investment portfolio to real estate, comprising $2.07 billion in capital.

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