MBOI makes $100m in commitments to two North American real estate funds

Institution: Montana Board of Investments
Headquarters: Helena, United States
AUM: $22.99 billion
Allocation to alternatives: 16.88%

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

The commitment comprised $80 million to Stockbridge Niche Logistics Fund and an additional $20 million commitment to CBRE Strategic Partners U.S. Value 9.

The $22.99 billion US public pension has allocated 6.68 percent of its full investment portfolio to real estate.

As illustrated below, the pension’s private real estate commitments have been primarily to North American vehicles employing a value-add strategy.

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