Illinois State Universities Retirement System, Champaign, will have...

Illinois State Universities Retirement System, Champaign, will have Strategic Investment Solutions review the private equity investment structure of the fund, said James Hacking, executive director of the $10 billion fund. Brinson and Progress Investment currently manage the $179 million private equity portfolio. The firm will report back to trustees at their September board meeting. Separately, trustees have allocated $25 million each to New Amsterdam Partners and Rasara Strategies, as part of its emerging managers program. New Amsterdam will manage a midcap stock portfolio and Rasara will focus on small-cap to midcap financial stocks. The funding will come from investment income of the the equity index managers. Both firms now are part of the emerging manager-of-managers program run by Progress. The board will consider in September whether to increase the allocation to Progress’ program, which now totals $76 million. Trustees also may allocate another $25 million to Genesis Capital, another domestic equity emerging manager.