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
Open searchesPlans backing its top managerSimilar plans, same strategy
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Commitments (3)Allocation policyConsultants
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.

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
Nebraska Investment Council
Funds committed to
Managers
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
Invests for: Omaha School Employees Retirement System, Nebraska School Retirement System, Nebraska State Patrol Retirement Systemand 3 more related allocators
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
People
2 roles
Chief investment officer
Ellen Hung, CFA
State Investment Officer (Jun 30, 2025) nic.nebraska.gov
Ellen Hung, CFA State Investment Officer
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
    with Aresnic.nebraska.gov
  • Jun 11, 2026Commitment approved
    Nebraska Investment Council approves $40M to Realterm Logistics Fund V
    nic.nebraska.gov
  • Jun 11, 2026Policy updated
    Nebraska Investment Council adopts a policy change (see the minutes)
    nic.nebraska.gov
  • Jun 11, 2026Policy updated
    Nebraska Investment Council adopts a policy change (see the minutes)
    nic.nebraska.gov
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 29, 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 $299/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 first
  • Commitment approved
    2026-06-11source
  • Commitment approved
    2026-06-11source
  • Commitment approved
    2026-06-11source

+2 more changes on this record's ledger

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

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 $249/month unless canceled.

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