Nebraska Investment Council sows $96 million with 2 real estate funds
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Nebraska Investment Council, Lincoln, made two real estate commitments totaling $96 million at its board meeting Thursday, Michael Walden-Newman, state investment officer, said in an email.
The council, which oversees $31.4 billion in assets, committed $56 million to Oaktree Real Estate Opportunities Fund VIII, a closed-end, non-core, distressed credit real estate fund managed by
Oaktree Capital Management. The commitment was made on behalf of the five defined benefit plans under council supervision, which have a total of $13.5 billion in assets; the state s cash balance benefit plans, totaling $2.4 billion; and its $977 million general endowment and $431.6 million health-care endowment, according to board documents.