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SURS sets out 2020 PE plans

The US public pension is aiming to commit over $400m to the asset class in 2020.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
AUM: $20.10bn
Allocation to alternatives: 14.3%
Bitesize: $50-100m

State Universities Retirement System of Illinois is seeking to ramp up its private equity commitment pacing in the coming year, according to the pension’s 2020 investment plan.

SURS is aiming to pursue up to $415 million in private equity commitments in 2020, with the aim of aligning its portfolio with its long-term target allocation for the asset class.

The $20.10 billion US public pension has an 11.0 percent long-term target allocation private equity that currently stands at 7.2 percent. SURS’ short-term private equity target allocation is 7.0 percent.

As illustrated below, SURS has only made six known commitments to private equity funds with a 2016-vintage or later, which combined constitute $560 million.

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