---
title: Illinois SURS Replaces SMID Cap Manager with Fiera Capital
description: Illinois SURS Replaces SMID Cap Manager with Fiera Capital.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/chicago_public_pensions-3-Apr-04-2024-11-25-42-3376-PM.jpg
---

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# Illinois SURS Replaces SMID Cap Manager with Fiera Capital

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/chicago_public_pensions-3-Apr-04-2024-11-25-42-3376-PM.jpg)

The State Universities Retirement System of Illinois has selected Fiera Capital Small-Mid Cap Growth fund for both the SURS Retirement Savings Plan and the SURS Deferred Compensation Plan.

The Fiera Capital strategy replaces the Delaware Small-Mid Cap Growth R6 fund.

Also disclosed was a 2% increase in the target allocation to the Principal Protection asset class from 8% to 10%. The Crisis Risk Offset target was reduced to 17%. Illinois SURS’ Principal Protection investment managers include Garcia Hamilton, LM Capital, Pugh Capital, and Ramirez Asset Management.

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