Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees on Jan. 29 voted to commit an additional $100 million to the Carlyle Property Investors (CPI) real estate fund subject to completion of subscription documents. An initial investment of $100 million was approved in March 2018.
In other business:
- Meketa presented the first annual Private Credit Investment Plan to the SURS Board of Trustees. The purpose of the plan is to provide a framework for implementing SURS 5% allocation to private credit over the next five years. Key highlights from the plan include the split between yield-oriented and opportunistic investments, diversification, the number and size of annual commitments, and the goal for MWDBE utilization. Meketa was retained as a discretionary private credit advisor by the SURS Board of Trustees in September 2020.
- The board also approved a revised Investment Policy for the System’s defined benefit plan - http://www.surs.com/policy-and-procurement-practices.