Montana Board of Investments approves $30m commitment to Sterling United Properties II

The US government investment organisation has backed a North American retail fund.

Institution: Montana Board of Investments
Headquarters: Helena, United States
AUM: $18.93bn
Allocation to alternatives: 23.20%
Bitesize: $10-50m

Montana Board of Investments committed $30 million to Sterling United Properties II. The fund will invest in core plus retail properties throughout North America.

The $18.93 billion US investment organisation currently allocates 23.20% to alternative assets.

As illustrated in the charts below, MBI has a strong appetite for North American real estate funds that invest in multiple sectors. The organisation allocates 8.10% to private real estate assets.

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