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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.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.