Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Sept. 10 voted to commit $100 million to Pantheon Global Infrastructure Fund IV and $50 million to Blackstone Real Estate Partners Asia Fund III, subject to successful contract negotiations.
Pantheon is a new relationship within the real-assets portfolio, but the firm has a long history with SURS in the private equity portfolio. SURS is currently an investor in Blackstone Real Estate Partners Europe Fund VI and Blackstone Property Partners, which is a US-focused core-plus open-end fund mandate.
RSP/DCP Investment Option Update
At the recommendation of SURS staff and CAPTRUST, SURS defined contribution investment consultant, the board voted to replace and map assets from Columbia Overseas Value Class R, a fund of the Wilmington Trust Collective Investment Trust, to the Founders class of the Columbia Trust Overseas Value CIT for both SURS defined contribution plans – the Retirement Savings Plan (RSP) and Deferred Compensation Plan (DCP), as soon as administratively possible.
The funds have the same investment objective, strategy and management team, but the change will result in a reduction in fees to members. Affected members will be notified by SURS.
Other Business
- The revised Defined Benefit Investment Policy was approved by the board and has been posted at https://surs.org/business/investments/policy-and-procurement-practices/.
- The FY 2022 Investment Plan was presented to the trustees and has been posted at https://surs.org/business/investments/.
- The board approved retention of the incumbent proxy voting provider, Glass Lewis, subject to successful contract negotiations.