Nebraska Considers $112M Commitment to One Rock, Trive Capital Buyouts

The Nebraska Investment Council is mulling an allocation of up to $112M split between two buyout funds, according to recently published December 12 meeting materials. 

General consultant Aon recommended that the state pension commit $50M each to One Rock Capital Partners IV and Trive Capital Partners V, with another $6M each from the Omaha Schools Employees’ Retirement System. The allocations are seen to fulfill 2024 targets for both portfolios. 

Data from the meeting materials showed buyouts accounted for $1.4B of the pension’s total allocation across 41 investments, of which $314.9M of commitments remained unfunded, as of June 30, 2024. Per its website, Nebraska Investment Council manages approximately $40.8B in total plan assets, with funds distributed among 60 investment firms.