Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
Allocation to alternatives: 14.3%
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.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.