Montana BOI Commits $350M to Alts
Written by: Helen Bascom, Marketing Associate
The Montana Board of Investments disclosed six recent commitments to alternatives, totaling $350 million, according to materials from the December 12th Board meeting.
Within private equity, $70 million was committed to McCarthy Capital Fund VIII, $50 million to Kester Capital Fund III, and $75 million to NB Strategic Co-Investment Partners Fund V.
In real assets, $55 million was committed to EQT Active Core Infrastructure and $50 million to EQT Infrastructure VI.
And in real estate, $50 million was committed to Oak Street Real Estate Capital Fund VI.
As of September 30, 2023, the $13 billion pension fund allocates approximately 18.04% to private investments, 6.42% to real assets, and 12.6% to real estate.
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