State Universities Retirement System

The State Universities Retirement System (SURS) of Illinois is a public pension fund based in Champaign, Illinois, established in 1941 to administer benefits for employees of the University of Illinois and affiliated state educational and scientific agencies. SURS provides retirement, survivor, disability, and death benefits to its members, which include employees from public universities and community colleges. The system manages approximately $9.8 billion in assets, employing various investment strategies such as buyouts, international private equity, and venture capital. SURS allocates a portion of its assets to alternative investments, with a target net internal rate of return of 17%. The fund's management team oversees the investment of these assets, ensuring the delivery of benefits to its members.