Justin Mitchell

Staff said the change would allow the system to be more selective about its opportunistic private debt investments.

The report urges fiduciaries to encourage more transparency from the industry and measure performance based on a public markets equivalent.

Sung Won Sohn made his comments during a discussion about potentially upping the $21.4bn pension's PE allocation.

The fund is targeting $20bn and has seen keen interest from LPs.

Nebraska Investment Council staff said the firm's last two funds have outpaced the rest of its holdings in that sub-asset class.

The move comes soon after the $58.8bn pension reduced its overall private equity allocation.

The $33.7bn pension recently doubled its PE target and is using two big commitments to HIG and HarbourVest to smooth its path towards getting there.

The racial justice protests that swept the country last year in the wake of the death of George Floyd at the hands of Minneapolis police spurred a widespread re-examination of the role of law enforcement in society and how it affects the day-to-day lives of African Americans – and a renewed focus on the racial […]

The firm's lower mid-market strategy has already gained interest from some major LPs.

The new fund is hitting the market less than two years after its last one, amid positive headwinds for its sector focuses.