Nebraska Investment Council has made a $50m (€42.7m) commitment to Blackstone’s open-ended infrastructure strategy.
The commitment to Blackstone Infrastructure Partners (BIP) is being made from the Nebraska defined benefit and cash balance benefit plans, which will provide $45m; and the Omaha School Employees’ Retirement System, which will contribute $5m.
Blackstone has raised a total of $29bn in commitments to date for the open-ended fund, as stated in Nebraska Investment Council’s board meeting document by investment consultant Aksia.
According to information provided to Nebraska Investment Council for the board meeting document, Blackstone maintains a pipeline of potential transactions for BIP exceeding $15bn.
The manager recorded capital inflows of approximately $1.7bn into BIP during the first quarter of 2026, according to sources familiar with the fund.
Blackstone declined a request for comment.
Nebraska Investment Council has also expanded its real estate portfolio with an initial $40m commitment to Focus Senior Housing Fund III, which includes the flexibility to increase the total allocation to $50m in the future.
According to the meeting document, Focus Healthcare Partners is seeking to raise between $500m and $600m for the US healthcare property fund.
The value-add fund targets a minimum gross levered return of 15%.
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