ISBI names real estate consultant and general consultant
The $12.9 billion Illinois State Board of Investment (ISBI) has ended its search for a real estate and general consultant. ISBI rehired Marquette Associates as its general investment and real estate consultant. Both searches started in November 2012.
ISBI has 9.2 percent, or $1.1 billion, invested in real estate. The pension fund has a 10 percent target allocation to real estate. ISBI believes it will reach its real estate allocation this year, according to its 2012 annual investment report.
ISBI’s real estate portfolio is invested mostly through interests in separate accounts, limited partnerships, trusts and other pooled investments. The real estate downturn had slowed the separate account investment pace, accord