Illinois Teachers' Retirement System, Springfield, allocated $40 million to Draper Fisher Jurvetson Metafund, an early-stage venture capital fund; $15 million to Thayer Hotel Investors, a real estate fund; and $5 million to the Hispania Partners United States Hispanic Chamber of Commerce buyout fund.
Separately, the $31 billion system kept the following active equity managers on watch: INVESCO Global Asset Management, managing $705 million in an international portfolio, due to concerns about mutual fund market-timing investigations; NorthPointe Capital, $393 million, domestic small caps, due to underperformance; Artisan Partners, $370 million, international, due to underperformance and organizational concerns; and Great Lakes Advisors, managing $60 million, domestic large caps, due to organizational concerns.
