Montana Board of Investments approves $80m in commitments

The US public pension has backed three North America focused funds.

Institution: Montana Board of Investments
Headquarters: Helena, United States
Total AUM: $19.59bn
Allocation to Alternatives: 15.10%
Bitesize: $10-50m

Montana Board of Investments has made a commitment of $30 million to Bell Institutional Fund VII, and additional commitments of $20 million to Sterling United Properties II and $40 million to American Core Realty Fund.

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 15.10 percent and allocation to private real estate stands at 5.40 percent.

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