Nebraska Investment Council has committed $40m (€34.7m) to Realterm’s latest US logistics fund, according to the pension fund’s board meeting document.
The commitment to the Realterm Logistic Fund V fund comprises $35m from the council’s Defined Benefit and Cash Balance Benefit Plans, alongside $5m from the Omaha School Employees Retirement System.
The fund invests in transport-oriented assets such as truck terminals, final-mile delivery sites and secure storage facilities. Capital will be deployed through a mix of value-add acquisitions and new development projects.
Realterm declined a request for comment.
Nebraska Investment Council has also expanded its real estate portfolio with a $50m commitment to Ares Management Corporation’s latest real estate secondaries vehicle.
The Ares Real Estate Secondaries X fund pursues a global investment strategy aimed at building a diversified portfolio of private real estate secondary market transactions.
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