Callan, on behalf of the State Universities Retirement System (“SURS” or the “System”), is requesting information from qualified firms interested in providing real asset investment services, which are limited to private real estate, agriculture and infrastructure. All information and required documents are available on Callan’s website (www.callan.com) and on the SURS website (www.surs.org). Callan expects to make investment recommendations to SURS throughout the year using information gathered via the process described in the attached document entitled 2021 Client and Strategy Profile for Real Assets Investment, SURS Diversity Disclosure and the Fund and Track Record Summary Template.
Qualified women-owned, minority-owned, and disabled-owned firms are encouraged to submit information across strategies. Please refer to section V in the 2022 Client and Strategy Profile for more detail on minimum qualifications for each strategy listed below.
In 2022, investment priorities are oriented around:
- Private real estate equity funds (open or closed end)
- Private real estate debt funds (open or closed end)
- Private infrastructure equity funds (open or closed end)
- Private agriculture equity funds (open or closed end)
The commitment pacing target is $600 million for 2022 across the core and non-core portfolio; however, this could vary significantly. It is anticipated that multiple investment managers will be hired in 2022. The allocation to each individual fund is expected to range from $50 million to $100 million. The actual allocations may be different than suggested by the ranges. These investment priorities will be updated periodically.
Interested parties may submit and update information at any time. Callan expects to make investment recommendations to SURS throughout the year as qualified firms come to market with products. For planning purposes, if your firm is not currently in the market with a fund that matches SURS priorities, but you expect to be in the next 12 months, we ask that you submit preliminary information for our pipeline.
Please review, complete and submit the documents below as instructed.
|Client and Strategy Profile for Real Assets Management||December 8, 2021|
|Fund and Track Record Summary – Microsoft Excel||December 8, 2021|
|Diversity Disclosure – Microsoft Excel||December 8, 2021|