Nebraska Investment Council, Lincoln, made a follow-on commitment of $6 million to UBS Trumbull Property Income Fund, managed by UBS Realty Investors, for the $1.2 billion general endowment pool the council oversees, said Michael Walden-Newman, state investment officer.
The council, which oversees a total of $22 billion in assets, previously committed $60 million to the fund in August 2014 for the $10.1 billion in defined benefit plan assets the council oversees.
The UBS fund makes core income-oriented investments with low or no leverage that invests in participating mortgages through real estate assets.
