Montana Board of Investments commits $30 million to a US value-add fund

The state investment board has backed CBRE Global Investor’s latest Strategic Partners US Value fund.

Institution: Montana Board of Investments
Headquarters: Helena, United States
Total AUM: $19.59bn
Allocation to Alternatives: 15.1%
Bitesize: $10-50m

Montana Board of Investments has committed $30 million to CBRE Strategic Partners U.S. Value 9, according to a contact within the organization. CBRE Strategic Partners U.S. Value 9 opened in September 2019 and focuses on value-add opportunities within the office and diversified sectors.

The $19.59 billion state investment board manages the retirement funds of state public employees, teachers, police, firefighters, sheriffs, highway patrol, game wardens, judges, and volunteer firefighters in a pooled fund call the Consolidated Asset Pension Pool (CAPP).
Currently, allocation to alternatives stands at 15.1 percent and allocation to private real estate stands at 5.4 percent.

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