MBOI approves $50m commitment

MBOI has backed a North America-focused fund.

Institution: Montana Board of Investments
Headquarters: Helena, US
AUM: $22.26 billion
Allocation to alternatives: 15%

Montana Board of Investments has committed $50 million to TruAmerica Workforce Housing Fund, as mentioned during the institution’s October 2020 investment board meeting.

As illustrated below, MBOI’s recent private real estate commitments have been made to funds that employ a value-add strategy in North America. Real estate constitutes 5.99 percent of the institution’s entire portfolio.

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