Illinois State Board of Investment, Chicago, committed $100 million to Prudential’s PRISA, an open-end core real estate fund, said William R. Atwood, the board’s executive director.
The board, which oversees $10.8 billion in assets, conducted the search in part to improve diversification and liquidity in its 7.2% real estate allocation.
The search was the results of an RFP issued in summer. Townsend Group, ISBI’s real estate consultant, assisted.
