Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on March 12 committed the lesser of $50 million or 10 percent of total fund commitments to Basis Investment Group Real Estate Fund II, subject to successful completion of contract negotiations. SURS committed $30 million to Basis Investment Group Real Estate Fund I.
Trustees also approved a $50 million commitment to Torchlight Debt Fund VII, subject to successful completion of contract negotiations. This is a new relationship for SURS.
In other business:
- The board approved the revised Investment Policy for the System’s defined contribution plans – DC Policy.
- The June 30, 2017 – June 30, 2020 actuarial experience study report was approved as presented.
- SURS Chief Investment Officer Doug Wesley was appointed to serve as the System’s representative on the Illinois Investment Policy Board.