Illinois State Universities Retirement System (SURS) has approved a $100m (€89.6m) commitment to Pantheon’s global secondaries-focused core-plus infrastructure fund.
The pension fund disclosed in a meeting document that it has placed the capital into Pantheon Global Infrastructure Core Plus Fund V.
The total capital raise for Fund V remains undisclosed. The fund will pursue a global investment strategy, focusing on sectors such as digital, power, utilities, transportation, renewables and social.
This commitment to Fund V represents the pension fund’s initial real assets investment for the 2025 fiscal year, which began on 1 July.
The overall plan for the real assets portfolio is to maintain the established 13% target level, with 8% allocated to stabilised growth and 5% to non-traditional growth.
In fiscal 2024, Illinois SURS made a $75m investment in Brookfield Real Estate Fund V, committed to invest the lesser of $50m or 10% of the total commitments for Ember Infrastructure Fund II and placed €50m into Blackstone Real Estate Partners Europe VII. The pension fund also committed $50m to real assets strategies managed by diverse firms.
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