Illinois State Board of Investment is searching for an active domestic small-cap growth equity manager for the state’s $4.1 billion deferred compensation plan, said an RFP on the website of the board of investment, fiduciary of the plan.
Mutual funds and daily priced collective trust funds will be considered.
T. Rowe Price is the plan’s record keeper.
The RFP is available on the board of investment’s website. Proposals are due by 3 p.m. CST on Dec. 8. Finalist interviews are tentatively scheduled for Jan. 19-24 with a hiring decision expected in February.
The plan offers 16 investment options, according to the state’s website. Investment consultant Marquette Associates is assisting.
In addition to the deferred compensation plan, the Chicago-based ISBI oversees about $14.8 billion in defined benefit assets.
William R. Atwood, ISBI’s executive director and officials at Marquette Associates could not immediately be reached for additional information by press time.