Illinois State Universities Retirement System, Champaign, committed up to $50 million to Ember Infrastructure Fund II.
The $22.6 billion pension fund's board approved the commitment to the infrastructure fund at its Dec. 8 meeting, according to a Dec. 13 news release.
Ember Infrastructure invests in infrastructure projects that "reduce carbon intensity, increase resource efficiency and enhance climate resilience," said the Illinois SURS news release.
The pension fund previously committed $50 million to Ember Infrastructure Fund I in 2021.
As of Oct. 31, the pension fund's actual allocation to nontraditional growth assets was 17.9%; the long-term target is 16%. The nontraditional growth asset class consists of non-core real assets and private equity.
