The Nebraska Investment Council expects to invest $240m (€218.1m) into real estate funds in 2022, according to the pensions manager’s meeting document.
Nebraska Investment’s plan is to place half of the capital into core funds and the remaining into non-core.
For core investments, Nebraska Investment expects to target funds with a focus on property types that are driven by secular trends like digitalisation and urbanisation.
Nebraska Investment has committed $63m to Landmark Real Estate Partners IX and $57m to Almanac Realty Securities IX for its non-core real estate investment plan for 2022.
Landmark seeks to raise $3.5bn for the value-add and opportunistic Partners IX fund to make secondary investments in various types of real estate and real estate related entities.
As previously reported, the Landmark Real Estate fund has a private equity fund-of-funds strategy that seeks to acquire limited partnership interests in commingled funds on the secondary market.
The Almanac fund provides growth capital to real estate operating companies that have significant real estate assets.
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