SURS approves $50m commitment

The US public pension has backed Ember Infrastructure's maiden commingled fund.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
AUM: $23.33 billion
Allocation to alternatives: 15.1%

State Universities Retirement System of Illinois confirmed a commitment of $50 million to Ember Infrastructure I at its June 2021 board meeting, according to a press release on the pension’s website.

First-time manager Ember Infrastructure launched its debut fund in March 2020 with a $500 million equity capital target. As of 30 June, 20 percent of that target had been raised from investors.

The $23.33 billion US public pension has a 1 percent target allocation to infrastructure that currently stands at 0.4 percent.

As illustrated below, SURS’ recent infrastructure commitments have primarily focused on North America-focused equity vehicles targeting energy investments.

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