MBOI makes $130m in commitments

MBOI has backed two private real estate vehicles.

Institution: Montana Board of Investments
Headquarters: Helena, United States
AUM: $21.52 billion
Allocation to alternatives: 14.9%

Montana Board of Investments committed $130 million across two private real estate vehicles, according to agenda documents from its August 2020 investment board meeting.

The commitments comprise $100 million to AG Commercial Real Estate Debt Opportunities Fund III and an additional $30 million to Sterling United Properties II.

As illustrated below, MBOI’s recent private real estate commitments have been made to funds that employ a value-added strategy in the North America region. Real estate constitutes 6.05 percent of the MBOI’s entire portfolio.

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