
Illinois Pension Fund Adds $400M-Plus to PE Funds; Two Allocations to Real Estate Program
The State Universities Retirement System of Illinois (SURS) approved a $410 million allocation to a private equity co-investment vehicle, in addition to two allocations within the real assets program, at its February trustees meeting.
The $22 billion Champaign, IL-based pension system has been increasing its allocations in both real estate and private equity over the past year, including $100 million in commitments to real assets at the end of 2022.
The latest commitment is to a vehicle managed by consulting firm Aksia LLC. Previously, SURS had committed $200 million to a private equity co-investment offering managed by Aksia.
Pension officials also committed $90 million in real estate, with about $50 million going to Brasa Real Estate Fund III, while $40 million for Long Wharf Real Estate Partners VII. SURS had previously committed $40 million to each of the firm’s predecessor funds.
