Illinois State Universities Retirement System | State of Illinois Awards Financial Services Contract to Advent Capital Management (June 2025)
Illinois State Universities Retirement System | State of IllinoisState · Champaign, IL- Disclosed value
- Not to exceed $200 million
- From minutes
- Approved
- Jun 5, 2025
The 30-second brief
SURS approved retaining Advent Capital Management for a convertible fixed income mandate. The approved mandate may not exceed $200 million.
Advent Capital Management holds this financial services contract with Illinois State Universities Retirement System | State of Illinois. Its other public contracts on record include work for City of Sarasota and New York State Common Retirement Fund.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $200 million
- Document date
- June 5, 2025
- Source document
- State Universities Retirement System Minutes Quarterly Meeting of the Investment Committee 2025-06-05 (Minutes)
Advent Capital Management's other public contracts
More Illinois State Universities Retirement System | State of Illinois contracts
Questions about this contract
Who was awarded the financial services contract by Illinois State Universities Retirement System | State of Illinois?
Advent Capital Management was awarded this financial services contract by Illinois State Universities Retirement System | State of Illinois, as recorded on June 5, 2025. The contract value is Not to exceed $200 million.
How much is the Advent Capital Management contract with Illinois State Universities Retirement System | State of Illinois worth?
The Advent Capital Management contract with Illinois State Universities Retirement System | State of Illinois is valued at Not to exceed $200 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in State Universities Retirement System Minutes Quarterly Meeting of the Investment Committee 2025-06-05 (Minutes), dated June 5, 2025 from Illinois State Universities Retirement System | State of Illinois. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Advent Capital Management hold?
Advent Capital Management may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Illinois State Universities Retirement System | State of Illinois currently buying?
Explore Illinois State Universities Retirement System | State of Illinois's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.