Illinois SURS Sets P.E. Plan

Jun 23 2006 | 8:55pm ET

The State Universities Retirement System of Illinois has earmarked up to $300 million to be invested in private equity next year. Dan Allen, cio of the $14.3 billion plan, said the funding plan for private equity was put in place because the initial five-year plan was ending this year.

He said that the volatility of the market and Sudan divestment legislation led SURS to use a one-year plan to help guide the investment staff and consultant Ennis Knupp + Associates.  Allen said there are no particular aspects of private equity the plan will look at yet and he will look at the plan's existing private equity managers before initiating any possible searches.  


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...