Illinois SURS commits $50m to Longpoint Realty Fund II
The Illinois State Universities Retirement System (SURS) has allocated $50 million to Longpoint Realty Fund II, a value-added fund managed by Longpoint Realty Partners, according to a June 9 statement by SURS.
Longpoint Realty Fund II will invest in logistics properties throughout the United States.
The investment vehicle had raised some $258 million from 11 investors as of June 4, according to an SEC form D filed on that date. An equity fundraising target was not disclosed.
This is a new manager relationship for SURS, a spokesperson for the fund confirmed in an email. The System also recently approved a $225 million commitment to PIMCO Distressed Seni