SU
LP profile
State Universities Retirement System
Pension fund · Founded 1941 · Champaign, United States
59
VC firms backed
$25B
AUM
~$498M
Allocated to VC (est. 2%)
01 · Background
Who State Universities Retirement System is.
- Historical Background
- The system was established in 1941 as the University Retirement System of Illinois, initially to manage benefits for University of Illinois employees. In 1963, the organization adopted its current name, the State Universities Retirement System (SURS), as its scope expanded to include other universities, colleges, and affiliated state agencies.
- Source of Capital
- SURS is a public pension fund, with its capital sourced from employee and employer contributions, as well as investment income. It serves employees of 61 public higher education institutions and agencies within the state of Illinois.
- Allocation Strategy
- The system's investment portfolio is diversified across multiple asset classes, including public equity, fixed income, real estate, and private equity. SURS has a target allocation of 10% to private equity, which includes venture capital investments. Geographically, the portfolio has a significant focus on North America, with a target allocation of 75% to the region.
02 · Fund commitments
The funds State Universities Retirement System backs.
State Universities Retirement System is a limited partner in 59 funds. 23 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Accel
#4 Power Law
Lightspeed Venture Partners
#7 Power Law
New Enterprise Associates
#8 Power Law
Insight Partners
#23 Power Law
Redpoint
#42 Power Law
Benchmark
#47 Power Law
Battery Ventures
#54 Power Law
Matrix Partners
#58 Power Law
Notable Capital
#61 Power Law
Menlo Ventures
#75 Power Law
IVP
#84 Power Law
Canaan
#103 Power Law
Abingworth
Orchid Asia Group Management
SCALE Aviation
03 · Allocation
How State Universities Retirement System’s fund book is spread.
The 59 funds State Universities Retirement System backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 5695%
- Europe 23%
- Rest of world 12%
United States 56 · Hong Kong 1 · Ireland 1 · United Kingdom 1
How established those managers are
Managers grouped by how many funds they have raised — across the 36 of 59 with a fund history on record.
Emerging funds · 9
Established funds · 27
7
1
2
2
3
3
4
8
5-6
5
7-9
5
10-14
6
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to State Universities Retirement System by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
Pennsylvania State Employees' Retirement System
$42B AUM
122 VC funds backed
🇺🇸
IMRF
$57B AUM
109 VC funds backed
🇺🇸
LACERS
$22B AUM
112 VC funds backed
🇺🇸
San Francisco Employees' Retirement System
$32B AUM
136 VC funds backed
🇺🇸
Texas County & District Retirement System (TCDRS)
$38B AUM
103 VC funds backed
🇺🇸
IBM Personal Pension Plan
$40B AUM
92 VC funds backed
🇨🇦
CPP Investments
$456B AUM
132 VC funds backed
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LAFPP
$30B AUM
139 VC funds backed