Searches and Hires

Nebraska Investment Council earmarks $50 million for buyout fund

Nebraska Investment Council, Lincoln, committed $50 million to The Resolute Fund IV, a middle-market buyout fund managed by The Jordan Co., said Michael Walden-Newman, state investment officer, in an email.

The council, which oversees $26.2 billion in assets including $11.8 billion total for five defined benefit plans and a $2.1 billion cash balance plan, previously committed $30 million to The Resolute Fund III in 2013 and $25 million to The Resolute Fund II in 2007.

The private equity target for the pension plans and cash balance plan is 5%.

Investment consultant Aon Hewitt Investment Consulting assisted.