The Montana Board of Investments has committed $205 million across one private credit and two real estate funds, according to meeting materials from the August 3-4 Board meeting.
$75 million as committed to Tree Line Direct Lending Fund III. Tree Line Capital focuses on direct lending to the lower middle market.
In real estate, Montana committed $50 million to value-add fund, Marcus Partners Fund IV; and $80 million to opportunistic fund, AEW Cold Storage Properties Fund.
The Montana Board of Investments oversees approximately $13.5 billion in assets for nine of the State’s retirement plans.
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