State Universities Retirement System of Illinois

State Universities Retirement System of Illinois

The State Universities Retirement System of Illinois was formed in 1941 to administer retirement, disability, and survivor benefits. Suzanne Mayer leads administration while Michael Schlachter oversees investments. The plan draws statutory contributions from the State of Illinois and participating employers such as the University of Illinois System. Strategy centers on a diversified mix of private equity, real estate, and infrastructure. Current private equity exposure stands at 12.89 percent against an 11 percent target. Confirmed holdings include commitments to Clarion Lion Properties Fund, Homestead Capital USA Farmland Fund IV, IFM Global Infrastructure Fund, and Brookfield Strategic Real Estate Partners V. Geographic reach spans the United States, Asia, and global markets through funds such as Blackstone Real Estate Partners Asia III and Pantheon Global Infrastructure Fund IV. The system reports 25,192 million dollars in assets under management. It maintains additional service relationships with Northern Trust as master custodian, Aksia for private equity and real assets consulting, and Meketa Investment Group for private credit. A March 2026 Investment Committee meeting in Champaign reviewed asset allocation and manager selection. The plan also participates in ILPA and PREA. Governance structure separates statutory benefit administration from investment execution through a board of trustees and dedicated investment staff. External consultants provide independent oversight on real assets and private markets while the system retains final authority on policy and commitments.