The Illinois State Board of Investment, Chicago, committed $200 million to Macquarie Bank and $100 million to Alinda Capital Partners for infrastructure funds, said William R. Atwood, executive director of the $11.2 billion fund. The two funds focus mainly on the United States, although they have some exposure to international infrastructure. Marquette, the board's general consultant, assisted in the search.
The board also committed $30 million to RLJ Lodging Fund II, a minority-run real estate fund specializing in hotels, Mr. Atwood said. Townsend, the board's real estate consultant, assisted in the search.
Funding for infrastructure will come from reallocation of fixed income, and funding for RLJ will come from cash flows from existing real estate investments.