Illinois Teachers Retirement System, Springfield, completed the restructuring of its public market investments Tuesday.
The $21 billion defined benefit plan hired INVESCO Global Asset Management and Martin Currie to each manage $650 million in active core international equity based on the MSCI All Country World index ex-U.S., said Mark Caplinger, chief investment officer. Rogge Global Partners was hired to manage $525 million in active core international fixed income, based on the Salomon non-U.S. index. Funding came from previously terminated managers.
The board also made three new allocations to private equity managers from cash: $150 million to DLJ Merchant Bank Partners III; $100 million to SCP Private Equity Partners II; and $75 million to VantagePoint Venture Partners IV.