Nebraska Investment Council, Lincoln, approved a €45 million ($48 million) commitment to Bridgepoint Europe VII, a European buyout fund, said Michael Walden-Newman, state investment officer, in an email.
The council, which oversees $37.5 billion, made the commitment at is meeting Thursday on behalf of its five defined benefit plans, which have a total of $16.4 billion in assets, and its cash balance benefit plans totaling $2.9 billion, according to board documents.
The council previously committed €20 million to Bridgepoint Europe IV in 2008, €20 million to Bridgepoint Europe V in 2016 and €40 million to Bridgepoint Europe VI in 2018.
