Nebraska Investment Council, Lincoln, approved commitments to two private equity funds totaling $112 million, confirmed Ellen Hung, state investment officer, in an email.
The council, which oversees $43.5 billion, approved a $56 million commitment to One Rock Capital Partners IV, a middle-market buyout fund, on behalf of its five defined benefit plans, which have a total of $18.6 billion in assets, and the $1.8 billion Omaha School Employees' Retirement System.
The council also approved a $56 million commitment to buyout fund Trive Capital Fund V on behalf of the five defined benefits plans and OSERS.
As of Sept. 30, the defined benefit plans had an actual allocation to private equity of 6.5%, according to council documents.
