- January 8, 2014
The firm’s Craig McCrohon was recently appointed to serve as Chairman of the Investment Committee of the Illinois SURS, the retirement fund responsible for all Illinois institutions of higher education and state hospitals. The position requires oversight of about $16 billion on behalf of more than 200,000 members of this Illinois retirement system.
McCrohon was appointed to SURS by Illinois Governor Pat Quinn, and confirmed by the Illinois Senate earlier in 2013.
SURS, the State Universities Retirement System, is one of the 100 largest retirement funds in the United States and covers employees at all 65 state universities, community colleges and hospitals in Illinois. The fund is larger than the endowments of the University of Chicago and Northwestern University combined. Of the private foundations in the United States, only the Gates Foundation has more assets.
The position carries significant responsibility in addition to oversight of the multi-billion portfolio. The Committee oversees the spending of about $50 million in professional fees each year to attorneys, fund managers, brokers and other professionals.
McCrohon has significant experience in the financial sector, having worked with the staff of the United States Senate Committee on Banking and advising financial institutions and their boards of directors throughout his career. In addition to his legal education, McCrohon studied financial regulation at the London School of Economics and he holds an M.B.A. in finance from the Wharton School of Business.
McCrohon can be reached at 312/840-7006 or email@example.com.