Lincoln (Neb.) Police & Fire Pension Fund committed $3 million to Weathergage Venture Capital IV, said Paul Lutomski, pension officer.
The $208 million pension fund's commitment to the venture capital fund of funds managed by Weathergage Capital is the first venture capital commitment of any kind for the pension fund, Mr. Lutomski said.
The pension fund's private equity target is 5%. As of June 30, the actual allocation was 0.5%.
Investment consultant Ellwood Associates assisted.