Nebraska Investment Council

Public investment pool· Lincoln, Nebraskanic.nebraska.gov

Public investment pool, based in Lincoln, Nebraska, reporting $20B in assets.

Composed from this allocator's classification, location and filed figures.

Assets
$20B
Private allocation
5.0%
Fund commitments
3
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 11 Jun 2026, $130M approved across 3 funds on 11 Jun 2026: Ares Real Estate Secondaries X $50M, Realterm Logistics Fund V $40M, Resolute Fund VII $40M.

5 more people

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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People to know

View all people
  • State Investment Officer
    Why: Investment officer
    No route on file yet
  • Investment Analyst
    Why: Named with investment responsibility
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 8
Nebraska Investment Council
Funds committed to
Managers

Relationship network

21 connected entities3 observed commitments1 repeat counterparty$130M disclosed commitments (3 commitments)commitments 2026

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Fund or vehicle
  • Service provider
  • Organization
  • Person

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesPublic investment poolShow
Public investment pool
Assets
$20B
Total assets, Jun 30, 2023 derived
Funded
no pension liability
not filed
Private markets target
5.0%
policy Jun 30, 2025
Commitments
3
3 dated closings
Allocation policy
ACFR, as of Jun 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Fixed Income - CoreFixed income30.0%reported nic.nebraska.gov
Fixed Income - Return SeekingFixed income8.5%reported nic.nebraska.gov
Private EquityPrivate equity5.0%reported nic.nebraska.gov
Global EquityPublic equity18.5%reported nic.nebraska.gov
Non-U.S. EquityPublic equity10.0%reported nic.nebraska.gov
U.S. EquityPublic equity20.5%reported nic.nebraska.gov
Consultants and advisers
3 firms
  • Aksia LLC Private equity consultantthrough Jun 30, 2025 ACFR
  • Aon General consultantthrough Jun 30, 2025 ACFR
  • Northern Trust Co. Custodianthrough Jun 30, 2025 ACFR
Decision makers
who to call first about an allocation, and why; then everyone else by function
  • Ellen Hung, CFA · State Investment Officer
    Why this person: Investment officer; Named with investment responsibility
  • Anthony Jakimowicz · Investment Analyst
    Why this person: Named with investment responsibility
Who else at this allocator · 1 person, grouped by function
Board, advisers and operating partners (1)

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

People
8 roles
Chief investment officer
Ellen Hung, CFA
State Investment Officer (Jun 30, 2025) nic.nebraska.gov
Ellen Hung, CFA State Investment Officer

+5 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

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Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
What changed
5 events
  • Jun 11, 2026Commitment approved
    Nebraska Investment Council approves $40M to Resolute Fund VII (The Jordan Company)
    with Jordan Partners LLCnic.nebraska.gov
  • Jun 11, 2026Commitment approved
    Nebraska Investment Council approves $50M to Ares Real Estate Secondaries X
  • Jun 11, 2026Commitment approved
    Nebraska Investment Council approves $40M to Realterm Logistics Fund V
  • Jun 11, 2026Policy updated
    Nebraska Investment Council adopts a policy change (see the minutes)
  • Jun 11, 2026Policy updated
    Nebraska Investment Council adopts a policy change (see the minutes)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
3 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Jun 11, 2026Ares Real Estate Secondaries XsecondaryAresReal estate$50.0MApprovednic.nebraska.gov
as of Jun 11, 2026Realterm Logistics Fund VRealtermReal estate$40.0MApprovednic.nebraska.gov
as of Jun 11, 2026Resolute Fund VIIJordan Partners LLCPrivate equity$40.0MApprovednic.nebraska.gov
Size and funding
1 reading
Total assets
$20B Jun 30, 2023 derived DFX analyst
Commitment history
3 decisions the board record started
VehicleManagerAmountStateProposedApprovedClosedFirst reportedOther LPs
Realterm Logistics Fund Vn/a$40.0Mapproved-Jun 11, 2026---
Ares Real Estate Secondaries X LPAres$50.0Mapproved-Jun 11, 2026---
Resolute Fund VII, L.P.Jordan Partners LLC$40.0Mapproved-Jun 11, 2026---
Provenance
Identifiers: none on file
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 30, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.
Capital chain

Nebraska Investment Council sits on 7 traced paths of capital across the graphs.

Allocator commitments to a managerConsultant to allocator to managerAllocator to real estate vehicle to manager

DFX traced 7 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Record history

5 dated events on the change ledger, latest event first
  • Commitment approved
    2026-06-11source on record
  • Commitment approved
    2026-06-11source on record
  • Commitment approved
    2026-06-11source on record

+2 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+11 connections on the graph

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.