- AUM: $27 bln
- PE target: 5 pct
- PE allocation: 7 pct
- Whom to contact: Michael Walden-Newman, CIO (firstname.lastname@example.org)
Nebraska Investment Council committed to private equity funds from New Enterprise Associates and HarbourVest Partners at its June meeting.
The system, which said in March that it was considering an additional investment with the venture capital firm, committed $50 million to New Enterprise Associates’ 17th fund, targeting $3.6 billion. The fund focuses on technology and healthcare. Nebraska committed $20 million each to NEA 13 and NEA 14, closing with $2.5 billion and $2.6 billion, respectively, according to Buyouts and Pitchbook.
Nebraska committed $66 million to HarbourVest’s Dover Street X fund, targeting $5.75 billion, meeting documents show. The fund focuses on the secondaries investments. The board previously committed $90 million between HarbourVest’s eighth and ninth Dover Street funds.
The $27 billion plan, which manages 32 investment programs, set its 2019 private equity pacing plan at $150 million, according to meeting notes.
Nebraska’s PE portfolio sits at 7 percent, surpassing its target allocation of 5 percent, a Q1 performance review document shows.