Nebraska Investment Council, Lincoln, committed $50 million to Genstar Capital Partners IX, a buyout fund, said Michael Walden-Newman, state investment officer, in an email.
The council, which oversees $26.9 billion in total assets, made the decision at its meeting on Thursday. The investment is for the council's five defined benefit plans, which have a total of $12.2 billion, and its $2.1 billion cash balance plan.
The decision follows a $50 million investment in February 2017 to Genstar Capital Partners VIII, a buyout fund that closed last year.
