Illinois State Universities Retirement System, Champaign, rehired CAPTRUST Financial Advisors as investment consultant for its $3.3 billion 401(a) plan and $8 million 457 plan.
The system's board approved the rehiring of CAPTRUST at its Feb. 2 meeting, spokeswoman Beth A. Spencer said in an email.
The system issued an RFP in August due to the pending expiration of CAPTRUST's contract. RVK was the other finalist.
Also at its Feb. 2 meeting, the board approved value-added real estate commitments of $50 million to Brasa Real Estate Fund III, managed by Brasa Capital Management, and $40 million to Long Wharf Real Estate Partners VII, managed by Long Wharf Capital, for the $22.9 billion defined benefit plan.
SURS previously committed $40 million each to predecessor funds Brasa Real Estate Fund II and Long Wharf Real Estate Partners VI.
As of Nov. 30, the DB plan's actual allocation to its non-traditional growth asset class was 15.8%; its long-term target is 16%.
SURS' non-traditional growth asset class includes non-core real assets and private equity.
