MBI approves $50m commitment

MBI has backed a North America real estate opportunity fund.

Institution: Montana Board of Investments
Headquarters: Helena, US
AUM: $20.99 billion
Allocation to alternatives: 15.58%

Montana Board of Investments confirmed a $50 million commitment to Stockbridge Value Fund IV at its April 2020 board of investments meeting, a contact informed PERE. 

This is MBI’s fourth investment with Stockbridge. The opportunity fund invests in multifamily, retail, office and industrial with a US focus.

As illustrated below, MBI’s recent commitments have employed a value-added strategy with a focus in North America. It currently allocates 15.58 percent of its investment portfolio to alternatives.

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