Nebraska Eyes $533M 2027 Pacing Plan; LACERA Commits $825M

Nebraska Eyes $533M 2027 Pacing Plan

LACERA Commits $825M

Nebraska Investment Council is eyeing $533M in target commitments for 2027 across private equity and real assets, per a recommendation from consultant Aksia, with the private equity pacing target rising to $343M annually by 2032 and real assets tapering to $125M annually by 2031. NIC oversees approximately $46.6B in total pension assets.

Among other US allocators, Norfolk County Retirement System launched two manager searches through Wainwright Investment Counsel – an EAFE equity mandate of approximately $130M and a US passive large-cap growth mandate of roughly $100M. LACERA approved up to $825M in commitments across real estate and multi-asset credit, including a $75M co-investment alongside Whitman Peterson Fund V and up to $750M into a dedicated multi-asset credit strategy managed by Cheyne Capital Management.

On the GP fundraising side, Andreessen Horowitz raised an additional $1.75B for its fifth growth fund, bringing the vehicle to $8.5B; ARCH Venture Partners disclosed a $3B target for ARCH Venture Fund XIV in a Form D filing; and Ares Management closed Japan Logistics Development Partners V at its JPY 612B ($4B) hard cap, with Canada Pension Plan Investment Board committing JPY 150B ($968M) as cornerstone investor.

In people news, The Boston Foundation named Natalie Herter as CIO effective September 2, succeeding George Wilson after more than 18 years; and HESTA's general manager of unlisted assets, Will MacAulay, is departing after nearly 11 years with the fund; Gary Greene has reportedly been promoted to the role on an interim basis.