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Sign in Sign up for a FREE subscriptionIllinois SURS backs Clarion Lion Properties Fund, outpaces policy benchmark in investment portfolio
The State Universities Retirement System (SURS) of Illinois has disclosed a recent commitment to Clarion Lion Properties Fund, an open-ended, value-add real estate fund managed by Clarion Partners.
Clarion Lion Properties Fund invests across the four core property types, including industrial, multifamily, office, and retail, with a significant allocation to life sciences. The pension fund allocated $225 million to the investment vehicle.
In other news, Illinois SURS’ investment portfolio returned -1.4 percent, net of fees, for fiscal year 2022, significantly outpacing the policy benchmark return of -4.9 percent.
When compared to a universe of other large public funds, the SURS return ranks in the top 10 percent for the one-year period ending June 30. For the three- and five-year periods, SURS ranks in the top 25 percent and in the top third of other large public plans for the 10-year period. The outperformance was attributed to a systematic and purposeful rest
