Nebraska Investment Council, Lincoln, committed $50 million to Resolute Fund V, a private equity fund managed by The Jordon Co., at its board meeting Thursday, Michael Walden-Newman, state investment officer, said in an email.
The council, which oversees $30 billion, made the commitment on behalf of its five defined benefit plans, which have a total of $12.8 billion in assets, and its cash balance benefit plans totaling $2.3 billion, according to board documents.
Previously, the council committed $25 million to Resolute II in 2007, $30 million to Resolute III in 2014 and $50 million to Resolute IV in 2018.
