NIC approves $50m commitment

The US public pension has backed a North American private equity fund.

Institution: Nebraska Investment Council
Headquarters: Lincoln, United States
AUM: $29.98 billion
Allocation to alternatives: 13.5%

Nebraska Investment Council has agreed to commit $50 million to Resolute Fund V, a contact at the pension informed Private Equity International.

The $29.98 billion US public pension has a 5 percent target allocation to private equity that currently stands at 6.7 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the technology, financial services and consumer goods sectors within the North America and Europe regions.

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