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.
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