Nebraska Investment Council, Lincoln, committed $50 million to private equity fund Genstar Capital Partners X at its board meeting Thursday, Michael Walden-Newman, state investment officer, said in an email.
The council, which oversees $34 billion, made the commitment on behalf of its five defined benefit plans, which have a total of $15 billion in assets, and its cash balance benefit plans totaling $2.6 billion, according to board documents.
The council previously committed $50 million to Genstar Capital Partners VIII in 2017, and another $50 million for the plans to Genstar Capital Partners IX in 2019.
