Nebraska Investment Council approves $182m commitment

The US public pension has backed Morgan Stanley's core-focused real estate fund.

Institution: Nebraska Investment Council
Headquarters: Lincoln, United States
AUM: $28.70bn
Allocation to alternatives: 12.20%
Bitesize: $10-50m

Nebraska Investment Council has agreed to commit $182 million to Morgan Stanley’s open-ended Prime Property Fund (vintage 1973), a contact at the pension informed PERE.

The $28.70 billion US public pension has a 7.50 percent target allocation to real estate which currently stands at 6.50 percent.

As illustrated below, Nebraska Investment Council has made six commitments to real estate funds with vintages from 2015 to 2019, which combined constitute over $200 million.

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