SURS approves $100m commitment

The US public pension has backed an infrastructure fund.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
AUM: $20.45 billion
Allocation to alternatives: 17.2%

State Universities Retirement System of Illinois committed $100 million to a BlackRock infrastructure fund, according to an October 2020 press release.

BlackRock’s Global Renewable Power Fund III, targeting $2.5 billion, focuses on renewable power generation, energy storage and distribution.

The investment falls in line with SURS’ mission to address ESG issues.

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