# Nebraska Investment Council Defined Benefit Plan

Nebraska Investment Council Defined Benefit Plan is a Pension Fund based in Lincoln, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Lincoln, United States
- **Region:** North America
- **Address:** Lincoln, NE, United States
- **Founded:** 1969
- **Assets under management:** Undisclosed
- **LinkedIn:** https://www.linkedin.com/company/nebraska-investment-council

## Regulatory record

- **Reports private funds:** No

## About

The Nebraska Investment Council oversees retirement assets for state and county employees, operating under a council-based governance model unique among US public pensions. Chairwoman Gail Werner-Robertson, who leads a Nebraska-based wealth-management firm, sits alongside State Treasurer Joey Spellerberg to set investment policy. The Council's defined-benefit plan, managed by State Investment Officer Ellen Hung, runs a portfolio designed to backstop one of the nation's more conservatively perceived state workforces. Hung's team deploys capital across a concentrated set of private-market exposures. Altss research identifies buyout commitments as the dominant private-equity strategy, with a clear tilt toward tangible assets in power generation, timberland, and global maritime infrastructure. Documented commitments include The Energy & Minerals Group Fund III, BTG Pactual Timberland Investment Fund 1, EIF United States Power Fund IV, and the JP Morgan Maritime Global vehicle. Geographically, the plan reaches from domestic power and energy positions in the United States to global timber and maritime exposure via dedicated fund vehicles. The Council runs a lean internal investment office. Senior Portfolio Managers JoLynn Winkler and Jeremiah Garber sit alongside Hung on a compact staff that external research describes as handling oversight directly rather than through a thick layer of investment consultants. The plan's commitment roster shows no club-adjacent structures, venture-program carveouts, or separate foundations tied to the office—it operates purely as a pooled public trust, deploying from one balance sheet without sprawling co-investment vehicles or philanthropic sidelines. Governance is the quiet differentiator here. The Investment Council is not a monolithic board of political appointees but a five-member body chaired by a working practitioner—Werner-Robertson—with the State Treasurer as a statutory member.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Real Estate
- Private Equity

## People

- Ellen Hung — State Investment Officer
- Gail Werner-Robertson — Council Chairwoman
- Joey Spellerberg — Nebraska State Treasurer, Ex-Officio Board Member
- JoLynn Winkler — Senior Portfolio Manager
- Jeremiah Garber — Senior Portfolio Manager

## Questions

### Who runs investment decisions at the Nebraska Investment Council?

State Investment Officer Ellen Hung oversees all investment activities for the Council. She leads a lean internal team that includes Senior Portfolio Managers JoLynn Winkler and Jeremiah Garber. The Council itself, chaired by Gail Werner-Robertson with the State Treasurer as an ex-officio member, sets the overall policy direction.

### How is the Council's investment governance structured?

The Investment Council is a five-member board chaired by Gail Werner-Robertson, who runs a Nebraska-based wealth-management firm. The Nebraska State Treasurer sits as an ex-officio board member. This structure blends private-sector investment experience with statutory oversight, a configuration that can facilitate faster decision-making on niche commitments compared to larger, politically appointed boards.

## Related profiles

- [Nebraska Investment Council](https://altss.com/profile/nebraska-investment-council)
- [NECA-IBEW Local 364 Defined Contribution Plan](https://altss.com/profile/neca-ibew-local-364-defined-contribution-plan)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/nebraska-investment-council-defined-benefit-plan

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology