Nebraska Investment Council, Lincoln, committed $50 million to Francisco Partners Fund VI, a technology growth equity and buyout fund, Michael Walden-Newman, state investment officer, said in an email.
The council, which oversees $30 billion in total assets, made the commitment for its five defined benefit plans, which have a total of $13.5 billion in assets, and its $2.4 billion cash balance plan, according to board documents from the council's meeting Thursday.
Previously, the council committed $50 million to Francisco Partners Fund V in 2017 and $20 million to Francisco Partners Fund IV in 2015, Mr. Walden-Newman noted.
