Institution: State Universities Retirement System of Illinois (SURS)
Headquarters: Champaign, United States
Allocation to alternatives: 23.40%
State Universities Retirement System of Illinois (SURS) is seeking to commit up to $275 million to private real estate vehicles in 2019 to increase its allocation towards private assets, according to a recent announcement on the pension’s website. Up to $175 million in commitments will be directed towards vehicles focusing on core / core-plus strategies, with the remaining $100 million directed towards funds focused on non-core private real estate. SURS is seeking managers which will be pursuing both equity and debt investments with a preference towards US and European strategies.
The $18.4 billion public pension has a 10.0 percent target allocation to private real estate that currently stands at 9.3 percent.
As illustrated in the charts below, SURS made no commitments to private real estate funds in 2018, though made three such commitments in 2017, totalling $85 million.
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