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Illinois SURS commits $30 million to real estate fund


Illinois SURS commits $30 million to real estate fund
Illinois State Universities Retirement System, Champaign, committed up to $30 million to Newport Capital Fund III.
The $22.1 billion pension fund s board approved the commitment to the closed-end, non-core real estate fund managed by
Newport Capital Partners at its April 22 remote meeting, a news release said Monday.
SURS had previously made commitments to Newport Capital Fund I in 2012 and two other co-investment funds in 2018 and 2019, the news release said. The amounts of the previous commitments were not provided.
SURS actual allocation to non-core real estate is 2.2%; the target is 4%.
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United States , Betha Spencer , Newport Capital Fund , Illinois State Universities Retirement System , Newport Capital Partners , ஒன்றுபட்டது மாநிலங்களில் , பெத்தா ஸ்பென்சர் , நியூபோர்ட் மூலதனம் நிதி , இல்லினாய்ஸ் நிலை பல்கலைக்கழகங்கள் ஓய்வு அமைப்பு , நியூபோர்ட் மூலதனம் கூட்டாளர்கள் ,

Illinois State Universities doubles commitment to real estate fund


Illinois State Universities doubles commitment to real estate fund
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Illinois State Universities Retirement System, Champaign, made a follow-on commitment of $100 million to Carlyle Property Investors.
The $21.2 billion pension fund originally committed $100 million to the open-end, core-plus real estate fund managed by
Carlyle Group in 2018.
The follow-on commitment was approved at SURS Jan. 29 board meeting and is subject to completion of subscription documents, SURS spokeswoman Beth A. Spencer said.
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United States , Betha Spencer , Carlyle Group , Illinois State Universities Retirement System , Carlyle Property , ஒன்றுபட்டது மாநிலங்களில் , பெத்தா ஸ்பென்சர் , கார்லைல் குழு , இல்லினாய்ஸ் நிலை பல்கலைக்கழகங்கள் ஓய்வு அமைப்பு , கார்லைல் ப்ராபர்டீ ,