Illinois State Board of Investment, Chicago, rehired Meketa Investment Group as general investment consultant, said Johara Farhadieh, executive director and chief investment officer, in an email.
The board, which oversees $20.9 billion in defined benefit plan assets, issued an RFP in May because of state legislation and board policy that mandates the services are put up for bid every five years, Ms. Farhadieh said at the time.
Marquette Associates and RVK were the other finalists.
As of Aug. 31, the actual allocation of DB plan assets was: 30.5% fixed income; 28.1% domestic equities; 21.8% international equities; 9.6% real estate; 4.6% private equity; 4% opportunistic debt; and 1.4% real assets.
The target allocation is: 29% fixed income; 23% domestic equities; 21% international equities; 10% real estate; 8% opportunistic debt; 7% private equity; and 2% real assets.
