Illinois State Universities Retirement System, Champaign, is "being blocked out of certain investments" with private equity partnerships because of a state statute banning investments in companies connected with Sudan, said Daniel L. Allen, COO of the $14.4 billion fund. He was not able to say how much the system has been unable to place.
Adams Street Partners, a fund of funds that manages $380 million for the system, is not allowing it to invest in some partnerships, Mr. Allen said. "We are having challenges with (Pantheon Ventures) as well, but not the extent as with Adams Street," he added. Pantheon manages $175 million for SURS.
He said it is too soon to know if SURS will have to divest any existing private equity partnerships.