Illinois State Board of Investment, Chicago, committed $30 million to Vista Equity Partners Fund V and $10 million each to Franklin Park Venture Series 2014 fund and International Series 2014 fund, said William R. Atwood, ISBI executive director.
Franklin Park Associates, ISBI's private equity consultant, assisted in the changes. Franklin Park makes available its two funds of funds at no additional fee beyond its consulting fee to enable ISBI to gain venture capital exposure with small funds, Mr. Atwood said.
Separately, ISBI, which oversees $14.4 billion in defined benefit assets, placed Opus Capital Management on watch for performance. Opus manages $118 million in active small-cap value equities. Jakki Lynn Haussler, Opus chairman and CEO, couldn't be reached for comment.
Segall Bryant & Hamill, which was placed on watch last year, was taken off watch. SBH manages $250 million in active small-cap core equity. ISBI removed SBH because of its smooth transition of a change in management of the portfolio.
Marquette Associates, ISBI's investment consultant, assisted in the watch list changes.