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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.

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