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SURS Commits to Real Estate Debt Allocations, Updates DC Policy

March 16, 2021 - 12:22
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Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees on March 12 committed the lesser of $50 million or 10 percent of total fund commitments to Basis Investment Group Real Estate Fund II, subject to successful completion of contract negotiations. SURS committed $30 million to Basis Investment Group Real Estate Fund I.

Trustees also approved a $50 million commitment to Torchlight Debt Fund VII, subject to successful completion of contract negotiations. This is a new relationship for SURS.

In other business:

  • The board approved the revised Investment Policy for the System’s defined contribution plans - http://www.surs.org/sites/default/files/pdfsx/DCpolicy.pdf.
  • The June 30, 2017 – June 30, 2020 actuarial experience study report was approved as presented.
  • SURS Chief Investment Officer Doug Wesley was appointed to serve as the System’s representative on the Illinois Investment Policy Board.

SURS Commits to Real Estate Debt Allocations, Updates DC Policy