The State Universities Retirement System of Illinois has made two commitments totaling up to $100 million across farmland and value-added real estate, according to a press release.
A $40 million commitment in Homestead Capital USA Farmland Fund IV was approved. SURS previously allocated $60 million in Fund III.
In addition, $60 million was approved for a commitment in the value-add real estate fund, Longpoint Realty Fund III. SURS previously committed $50 million in Fund II.
Also from the press release, SURS disclosed the hiring of Meketa as general investment consultant for the System’s defined benefit plan for a five-year term. Verus was also considered.
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