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.
