NIC approves $96m in commitments

The US public pension has backed two real estate funds.

Institution: Nebraska Investment Council
Headquarters: Lincoln, US
AUM: $31.43 billion
Allocation to alternatives: 11.30%

Nebraska Investment Council has agreed to commit $56 million to Oaktree Real Estate Opportunities Fund VII and $40 million to Kayne Anderson Real Estate Partners VI, a contact at the pension informed PERE.

The $31.43 billion US public pension has a 7.50 percent target allocation to real estate that currently stands at 5.10 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on diversified sectors within the Asia-Pacific, Europe, Middle East/Africa and North America regions.

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