SURS seeking infrastructure investment managers

The US public pension is seeking to commit up to $100m to infrastructure vehicles in 2019.

Institution: State Universities Retirement System of Illinois (SURS)
Headquarters: Champaign, United States
AUM: $18.40bn
Allocation to alternatives: 23.40%

State Universities Retirement System of Illinois (SURS) is aiming to commit up to $100 million to infrastructure vehicles in 2019 to increase its allocation towards private assets, according to a recent announcement on the pension’s website. SURS is seeking managers which will be pursuing US and European strategies.

The $18.4 billion public pension has an unknown allocation to infrastructure, though has previously invested in infrastructure funds with a focus on unlisted equity investments.

As illustrated in the charts below, SURS has made no commitments to infrastructure funds since 2016. The Macquarie Group historically has been the pension’s preferred infrastructure investment manager when it has chosen to commit to such funds.

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