Illinois State Universities Retirement System, Champaign, is searching for real assets managers to which the system plans to commit a total of $475 million in 2020.
The $19.6 billion pension fund issued a request for information for interested managers, limited to those who manage open-end or closed-end agriculture, infrastructure and private real estate funds.
The pension fund's commitment pacing target is $475 million for the year, and the pension fund expects to commit between $50 million and $100 million to each individual fund.
As of June 30, the real assets portfolio had $1.3 billion, about 6.6% of the total portfolio, according to the RFI posted on SURS' website. There is no specific deadline provided. Investment consultant Callan is assisting.
Beth A. Spencer, SURS spokeswoman, could not be immediately reached to provide further information.
