T
he Nebraska Investment Council is set to hire Aksia and Meketa Investment as consultants for its $967m real estate portfolio, following a request for proposal process that kicked off in June last year. The decision aims to leverage the strengths of each firm.

    Thirteen firms responded to the search, with Albourne, ORG, and Wilshire making it to the semi-finals. The new consultants will oversee annual reviews, develop investment pacing plans, and assist in selecting and monitoring private real estate investments.

    Nebraska Investment Council's $17.2bn pension fund has a 7.5% target allocation to real estate, invested in core and value-add funds through various structures.