Nebraska Investment Council, Lincoln, committed $116 million to two alternative funds at its meeting Thursday, said Michael Walden-Newman, state investment officer, in an email.
The council, which oversees $27.3 billion in total assets, committed $50 million to New Enterprise Associates 17, a venture capital fund. The investment is for the council's five defined benefit plans, which have a total of $12.4 billion, and its $2.2 billion cash balance plan.
The council already had a $20 million commitment to NEA 13 and a $20 million commitment to NEA 14.
The council also committed $66 million to HarbourVest Partners' Dover Street X, a secondary private equity fund of funds. Of the commitment, $50 million was on behalf of the DB and cash balance plans, and $16 million was for the endowments the council oversees: the $911 million 50/50 Endowments and $427 million Health Care Endowment.
The council's currently has a $25 million commitment to Dover Street VIII; a $50 million commitment to Dover Street IX; and a $15 million commitment to Dover Street VIII.
