Nebraska Investment Council approves $50m commitment

The US public pension has backed a TMT-focused private equity fund.

Institution: Nebraska Investment Council
Headquarters: Lincoln, United States
AUM: $28.70bn
Allocation to alternatives: 12.20%
Bitesize: $10-50m

Nebraska Investment Council has agreed to commit $50 million to Francisco Partners VI, a contact at the pension informed Private Equity International.

The $28.70 billion US public pension has a 5.0 percent target allocation to private equity that currently stands at 5.60 percent.

As illustrated below, the Council has made six commitments to private equity funds with a vintage years between 2018 and 2020, which combined constitute $300 million.

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