Nebraska commits $50 mln to Wynnchurch fund

The $28 billion system joins Maine Public Employees Retirement System and Rhode Island Treasury in support for Wynnchurch V

Nebraska Investment Council invested in a middle-market turnaround fund from Wynnchurch Capital Partners, according to notes from its December meeting.

The system committed $50 million to Wynnchurch V, which focuses on investments in the consumer goods, industrials, aerospace/defense, government contracting, food, energy, infrastructure and natural resources sectors in North America.

Founded by John Hatherly in 1999, Wynnchurch has invested $1.6 billion to 62 companies across its four previous funds, with a majority being in niche manufacturing, according to an investment summary.

The firm makes investments between $30 million and $150 million to platform investments with an enterprise value between $50 million and $500 million, meeting documents show.

Maine Public Employees Retirement System and Rhode Island Treasury committed $45 million and $50 million, respectively, to Wynnchurch Capital’s fifth fund, according to sister publication Private Equity International.

Nebraska set its 2019 pacing plan at $150 million, Buyouts previously reported.

Action Item: Check out the December meeting agenda here.