Illinois State Board of Investment, Chicago, committed a total of $90 million to alternative investments, William R. Atwood, ISBI executive director, said in an e-mail.
The $14 billion ISBI committed $40 million to Morgan Stanley Prime Property Fund and $30 million to Latitude Management Real Estate Capital III.
Also, it committed $20 million to Odyssey Investment Partners Fund V, a private equity fund.
Courtland Partners assisted with the real estate manager searches, while Franklin Park Associates assisted with the private equity search.
