The Illinois State Board of Investment, Chicago, today approved $30 million in commitments each to Deutsche Bank's DB Global Fund, RREEF America and TA Associates. Townsend Group assisted the $10.3 billion board.
The board also approved adding the Northern Trust Small Cap Value Fund as an investment option for the $3 billion State of Illinois Employees' Deferred Compensation Plan, Springfield. The board, a fiduciary to the plan, also terminated Provident Investment Counsel, which managed a small-cap growth fund for the plan. The board didn't give a reason for the termination. The plan has 23 investment choices. Consultant Iron Capital advised on the DC plan moves.