MBOI makes $100m in commitments with two existing managers

The Helena-based organization has re-upped with two existing managers.

Institution: Montana Board of Investments
Headquarters: Helena, US
AUM: $24.9 billion
Allocation to alternatives: 18.9%

Montana Board of Investments has committed $100 million across two private real estate vehicles, according to its August 2021 investment board meeting documents.

The commitments comprise $50 million each to Sterling Consumer Logistics Properties I and Centerbridge Partners Real Estate Fund II. These commitments are re-ups with existing managers.

As illustrated below, MBOI’s recent private real estate commitments have primarily been made to funds that employ a value-add strategy in North America. Real estate constitutes 7.6 percent of the organization’s investment portfolio.

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