Institution: Nebraska Investment Council
Headquarters: Lincoln, United States
AUM: $31.4 billion
Allocation to alternatives: 11.8%
The $31.4 billion US pension fund has previously committed to each of Genstar X’s two immediate predecessors, with $50 million each allocated to Genstar VIII and Genstar IX 2017 and 2019 respectively.
Genstar Capital’s 10th private equity vehicle is currently in market targeting $8 billion in LP commitments. The firm is also raising an additional $2 billion overage sidecar vehicle to assist with the financing of larger deals.
NIC currently has a 5 percent target allocation to private equity, which currently stands at 5.7 percent.
As illustrated below, the pension’s recent private equity commitments have predominantly targeted buyout, venture capital and growth equity funds across North America and Europe.
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