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SURS Approves Private Credit Consultant Search, Allocates Funds to Real Estate, Fixed Income

June 9, 2020 - 12:27
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Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees on June 5 approved releasing a request for proposals (RFP) for either discretionary or non-discretionary private credit consulting services. The RFP will be available at www.surs.org/rfp-investment on or around June 15.

In other board matters:

  • $225 million was allocated to PIMCO DiSCO Fund III, subject to successful contract negotiations.
  • The lesser of 10% of total fund commitments or $50 million was allocated to Longpoint Realty Fund II, subject to successful contract negotiations.
  • The board approved the retention of GQG Partners and Ariel Investments for global equity mandates, subject to successful contract negotiations. Exact allocations will be determined at the time of funding.
  • The board approved transferring the current Earnest Partners U.S. equity mandate in full to a global equity strategy and added a new global equity mandate to Strategic Global Advisors current agreement, subject to successful contract negotiations. Exact allocations will be determined at the time of funding. As of May 31, 2020, Earnest Partners and Strategic Global Advisors managed ~$179 million and ~$301 million, respectively for SURS.

SURS Approves Private Credit Consultant Search, Allocates Funds to Real Estate, Fixed Income