Illinois State Universities Retirement System, Champaign, selected NEPC as general investment consultant and real estate consultant, Daniel L. Allen, chief investment officer of the $16.8 billion retirement system, said in an e-mail.
The hiring, which is pending contract negotiations, was the result of an RFP issued in May for general investment and real estate consulting services for the retirement system's $15.6 billion defined benefit plan and $1.2 billion 401(a) plan.
The board initiated the search because the contract of Callan Associates, incumbent for both consulting roles, expires Dec. 31.
Callan and Hewitt EnnisKnupp were the other finalists.
