Press Release

SURS Assigns Up to $30 Million to Real Estate Fund

April 26, 2021 - 12:15

Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees approved a commitment of the lesser of $30 million or 10 percent of total fund commitments to Newport Capital Fund III, the closed-end, non-core real estate fund managed by Newport Capital Partners. The vote was taken during the April 22 remote board meeting. The allocation is subject to successful completion of contract negotiations.

The System previously made a commitment to Newport Capital Fund I in 2012 along with two co-investment opportunities in 2018 and 2019.

State Universities Retirement System Board Meetings

March 8, 2021 - 11:27

Champaign, IL - The Investment Committee, Administration Committee, Diversity Committee, Audit & Risk Committee, Legal & Legislative Committee and the Board of Trustees of the State Universities Retirement System (SURS) will meet on Thursday, March 11 and Friday, March 12, 2021, via remote access only due to COVID-19 statewide restrictions.

Times shown on the agenda that follows are approximate.

SURS Executive Director Resigns

February 19, 2021 - 15:15

Champaign, IL — Martin Noven, executive director of the State Universities Retirement System (SURS), resigned his position on Feb. 18 to focus his attention on a new career opportunity.

SURS Board of Trustees thanked Noven for his accomplishments over the past four years.

Noven became SURS executive director on Nov. 2, 2016, succeeding W. Bryan Lewis and following a career as senior director for government markets at TIAA (Teachers Insurance and Annuity Association of America).


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