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NIC approves $54m commitment

The US public pension has backed a North American real estate fund.

Institution: Nebraska Investment Council
Headquarters: Lincoln, United States
AUM: $26.39 billion
Allocation to alternatives: 13.5%

Nebraska Investment Council has agreed to commit $54 million to Torchlight Debt Opportunity Fund VII, a contact at the pension informed PERE.

The $26.39 billion US public pension has a 7.5 percent target allocation to real estate that currently stands at 6.9 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on diversified sectors within the North America region.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.