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SURS approves commitment of $100m

The US-based public pension has committed $100m to IFM Investors – a first-time relationship for SURS.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
AUM: $23.6 billion
Allocation to alternatives: 15.1%

State Universities Retirement System of Illinois has added to the system’s real assets investment by committing $100 million to the IFM Global Infrastructure Fund following a board meeting.

The IFM Global Infrastructure Fund is a new investment relationship for SURS.

The $23.6 billion pension currently allocates 0.4 percent to its infrastructure portfolio, below its target of 1 percent. Its recent commitments have predominately focused on funds with strategies of unlisted equity focus.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.