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CIO approved $150M to Regal Healthcare Capital Partners IV, L.P., a healthcare-services buyout fund.

CIO approved $400M to Green Equity Investors X, L.P., a global buyout fund (consumer, healthcare, business services, industrials, distribution).

CIO approved $750M to Neuberger Berman, a multi-asset credit strategy via a dedicated managed account.

CIO approved up to $400M to PRISA, an open-end core real estate fund sponsored by PGIM Real Estate.

CIO approved a rebalance of up to $412M in Clarion Lion Properties Fund (US open-end core RE).

Appointed Luis A. Lugo CEO (formerly Deputy CEO).

At the February 26, 2026 LASERS Investment Committee meeting, following a private-market presentation by Apollo (Jake Brenner and Matt Nord) on Apollo Investment Fund XI and discussion with Assistant CIO Laney Sanders and consultant NEPC (David Barnes), the committee moved (Mathews, seconded by Jarrell) and the motion carried to commit $100 million to Apollo Investment Fund XI. CIO Bobby Beale; Director of Private Markets Jacques Brousseau; general consultant NEPC.

The Investment Committee voted to recommend the PRIM Board approve the 2026 PRIM Asset Allocation, which represents no changes to PRIM's current approved ranges. NEPC provided independent external validation of the asset allocation model.

Approved Global Equity recommendations include transitioning US passive implementation to MSCI USA and MSCI USA Small Cap benchmarks, identifying enhanced index strategies, and establishing a dedicated Other Equity Opportunities (OEO) sleeve with up to $1 billion for differentiated public equity strategies outside the current taxonomy.

As part of approved Global Equity recommendations, PRIM will issue a Request for Proposals (RFP) for Active Global Investment Strategies to allow managers latitude across geographies. Part of a broader global equity restructuring approved for recommendation to the Board.

The Investment Committee approved adding Aberdeen Investments, Albourne America LLC, Meketa Investment Group, and New Alpha Management to a bench of project-based PCS and OCO advisors, mirroring the model used by PRIM's Real Estate team.

The Investment Committee approved a recommendation to the PRIM Board to retain Aberdeen Investments to provide Portfolio Completion Strategies (PCS) general advisory services, subject to contract negotiations. Aberdeen has served as PCS advisor for over a decade. Outcome of the PCS/OCO Advisory Services RFP.

The Investment Committee approved a recommendation to the PRIM Board to engage Aksia LLC to provide Other Credit Opportunities (OCO) advisory services, subject to contract negotiations. This is PRIM's first dedicated OCO advisor, appropriate given the program's growth to approximately $2.7 billion. Outcome of the PCS/OCO Advisory Services RFP issued October 13.

Within the NEST Advisor College Savings Plan lineup, Council approved replacing the Northern Small Cap Value Fund (Northern Trust) with the American Century Avantis U.S. Small Cap Value Fund, and reduced the maximum initial Class A sales charge from 3.5% to 2.5%.

In SIO comments, Ms. Hung reported a recent fund commitment to the Northwood Investors U.S. Real Estate Fund. The minutes note the commitment as completed but do not state the dollar amount.

Council directed staff to partially redeem from the Clarion Lion Property Fund (LPF) across the Defined Benefit Plans, Cash Balance Benefit Plans, General Endowments Plan, Health Care Endowment Plan and Omaha School Employees' Retirement System, to bring the total account size to no less than $200 million at the time redemption notice is submitted. (Amount shown is the post-redemption account floor, not a commitment.)

Council directed staff to fully redeem from the PRISA II Fund (PGIM Real Estate) across the Defined Benefit Plans and Cash Balance Benefit Plans, as part of a core real estate review aligning the portfolio with recent IPS changes.

Council directed staff to fully redeem from the UBS Trumbull Property Income (TPI) Fund across the Defined Benefit Plans, Cash Balance Benefit Plans, General Endowments Plan and Health Care Endowment Plan, as part of a core real estate review aligning the portfolio with recent IPS changes.

Council approved a $10 million commitment to Francisco Partners Agility IV, allocated $9M to the Defined Benefit and Cash Balance Benefit Plans and $1M to the Omaha School Employees' Retirement System (OSERS), subject to legal review and satisfactory terms.

Council approved a $30 million commitment to Francisco Partners Fund VIII, allocated $26M to the Defined Benefit and Cash Balance Benefit Plans, $2M to the Omaha School Employees' Retirement System (OSERS), $1M to the General Endowments, and $1M to the Health Care Endowment, subject to legal review and satisfactory terms.

Council approved a $40 million commitment to OceanSound Partners Fund III, allocated $34M to the Defined Benefit and Cash Balance Benefit Plans, $3M to the Omaha School Employees' Retirement System, $2M to the General Endowments, and $1M to the Health Care Endowment, subject to legal review and satisfactory terms.

Council approved a $50 million commitment to Wheelock Street Real Estate Fund VIII, allocated $40M to the Defined Benefit and Cash Balance Benefit Plans, $5M to the Omaha School Employees' Retirement System, $3M to the General Endowments, and $2M to the Health Care Endowment, subject to legal review and satisfactory terms.

2026 alternatives pacing plan ~$800M across PE, private credit, and infrastructure.

$150M commitment to ASF IX Infrastructure B.

$250M commitment to Golub Capital co-investments.

$350M commitment to Golub Capital separate account.

$150M commitment to Wind Point Partners XI-A.

$100M commitment to Gridiron Capital Fund VI.

The New Mexico State Senate confirmed the reappointment of John Bingaman to another 5-year term as a public member of the SIC board. Bingaman has served since 2021; he is founder and managing principal of Iron Creek Partners and a former Chief of Staff in the Office of the Governor.

The New Mexico State Senate confirmed Mary Rohman to fill a public-member vacancy on the SIC's 11-person board. Rohman has 30+ years across public and private markets (JP Morgan Private Bank New England Region Head/Managing Director, senior roles at Lehman Brothers and UBS Private Wealth Management) and has served on the SIC Investment Committee since 2023.

$16.76M emerging-manager commitment to Demopolis Equity Partners Fund I (lower-middle-market, growth-stage, tech-enabled) via M2/Muller & Monroe.

$15M emerging-manager commitment to Palm Peak Capital Fund I (lower-middle-market control buyouts, industrial/services) via M2/Muller & Monroe.

$15M emerging-manager commitment to Cross Rapids Capital Partners I (buy-and-build, carve-outs, structured equity) via M2/Muller & Monroe.

$25M commitment to Oceans Ventures Fund III, L.P. (early-stage technology), a new relationship; closed Feb 17, 2026.

Funded $700M to RBC Emerging Markets Equity (RBC Global Asset Management), a new relationship, in two $350M tranches.

CIO Farouki Majeed updated the Board on the RFP to select a new general investment consultant. Four responses were received, including incumbent Wilshire; three candidates identified to interview, with two or three to be presented to the Board in May 2026 for final selection.

SERS Staff Investment Committee approved a commitment of up to $75M to Carmel Partners Fund IX (Carmel Partners), a non-core real estate strategy in the real assets portfolio; reported in the February 2026 Board Meeting Highlights.

SERS Staff Investment Committee approved a commitment of up to $25M to Blackstone SPE VIII Corebridge Co-invest (Blackstone), a non-core real estate strategy in the real assets portfolio, plus deal-related expenses and fees; reported in the February 2026 Board Meeting Highlights.

SERS Staff Investment Committee approved a commitment of up to CHF 10 million (approximately $12.6M) to IFM Green Group Data Center Co-investment (IFM Investors), a global infrastructure co-investment in the real assets portfolio, plus deal-related expenses and fees; reported in the February 2026 Board Meeting Highlights. Amount is the report's stated USD approximation of CHF 10M.

SERS Staff Investment Committee approved a commitment of up to $30M to Demopolis Equity Fund I (Demopolis Equity Partners), a lower middle market buyout strategy in the private equity portfolio; reported in the February 2026 Board Meeting Highlights.

SERS Staff Investment Committee approved a commitment of up to $75M to Tree Line Direct Lending IV (Tree Line Capital Partners), a direct lending strategy in the private credit portfolio, funded from cash reserves; reported in the February 2026 Board Meeting Highlights.

SamCERA made a $30 million commitment to Clarion Alternatives Sectors Fund GP, LLC, in its real estate portfolio within the Inflation Hedge category.

RSIC staff closed a delegated commitment of $50M to Francisco Partners Agility IV (private equity), reported in the Delegated Investment Report. RSIC commitment date February 23, 2026.

RSIC staff closed a delegated commitment of $150M to Francisco Partners VIII (private equity), reported in the Delegated Investment Report. RSIC commitment date February 23, 2026.

RSIC staff closed a delegated real estate commitment to a TA Realty-SC separate account sized at up to 1% of Total Plan Assets. The minutes state the dollar figure as $526,4700,000 (apparent typo for ~$526.47M, i.e. ~1% of plan assets). RSIC commitment date February 16, 2026.

Commitment to Harvest Structured Capital Fund IV.

Commitment to Green Equity Investors X.

Commitment to Blackstone Tactical Opportunities Fund V.

Commitment to Blackstone GP Stakes Fund III.

Commitment to HarbourVest Hydro (core infrastructure).