Investors - APRIL 26, 2017

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Illinois SURS searches for real estate debt managers

by Jody Barhanovich

The $16.9 billion State Universities Retirement System of Illinois is searching for one or more non-core private commercial real estate debt commingled fund investment managers.

The purpose of the allocation is to “reduce total plan risk and diversify the portfolio”, according to the RFP. The expected commitment size to be managed is between $20 million and $60 million.

The RFP is available on the pension fund’s website. Proposals are due May 19 and a hiring decision is expected Sept. 14.

The RFP is issued for due diligence purposes. Investment consultant NEPC is assisting with the search.

Illinois SURS has a target allocation to real estate of 6 percent.

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