The Nebraska Investment Council has committed $40 million to Focus Senior Housing Fund III, a fund managed by Focus Healthcare Partners.
Focus Senior Housing Fund III is a value-added, closed-end fund that invests in senior housing in the United States. It aims to raise between $500 million and $600 million in equity. Focus Senior Housing Fund II, its predecessor, closed with $370 million in capital raised.
NIC manages $42.9 billion in total assets under management, as of Dec. 31, 2025, on behalf of five defined benefit pension plans. As of then, it had a 7.3 percent real estate allocation target with $3.3 billion in total real estate assets.
