Searches and Hires

Illinois SURS taps 2 for real estate

Illinois State Universities Retirement System, Champaign, made two new real estate commitments totaling up to $115 million, according to a news release on Monday.

The $19.1 billion pension fund committed $75 million to Westbrook Real Estate Fund XI, a value-added real estate fund managed by Westbrook Partners, and up to $40 million to Long Wharf Real Estate Partners VI, a value-added real estate fund managed by Long Wharf Capital.

As of Feb. 28, the system's actual allocation to real estate was 8.7%; the target is 10%.

SURS spokeswoman Beth Spencer could not be immediately reached to provide further information.