SURS launches debut agri manager search for 2020

The US public pension is searching for its maiden agriculture fund manager.

Institution: State Universities Retirement System of Illinois
Headquarters: Champaign, United States
AUM: $20.10bn
Allocation to alternatives: 14.3%

State Universities Retirement System of Illinois has issued an RFP for prospective agriculture equity managers in accordance with the pension’s 2020 investment plan.

SURS is intending to commit $425 million across four real assets strategies in 2020. Each of the strategies will receive a commitment of between $50 and $100 million, with one of the strategies being focused on agriculture equity. This is the pension’s debut foray into the asset class.

The $20.10 billion US public pension is searching for managers offering either open or closed-end fund opportunities. The fund must have a target size of at least $500 million in equity capital and be intent on investing primarily in North America.

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