Omaha (Neb.) School Employees committed $6.3 million to K/B Opportunity Fund IV, a real estate fund managed by Koll Investment Management. Michael Smith, director, said the $510 million fund made the commitment to help meet its 10% real estate target allocation.
Asset Consulting Group assisted.
The fund also decided to give Mellon Capital $10 million for an existing Wilshire 4500 stock index fund. The $10 million had been managed in a small-cap stock portfolio by Apodaca-Johnston, which broke up.