NIC to raise attention to private debt

The Nebraska Investment Council (NIC) is considering to allocate five percent of investment to private debt.

Of the proposed five percent allocation to the asset class, 3.75 percent would be dedicated to direct lending while the rest would pursue opportunistic investments.

The suggested direct lending would focus on senior secured debt, targeting corporates with less than $50 million EBITDA. In regard to the opportunistic strategy, it would target transient opportunities that generate higher returns.

Aon Hewitt serves as the investment consultant for NIC to set the private debt strategy.

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