MBOI makes $125m in commitments

The Helena-based organisation has backed two distressed debt vehicles.

Institution: Montana Board of Investments
Headquarters: Helena, US
AUM: $24.9 billion
Allocation to alternatives: 18.9%

Montana Board of Investments has committed $125 million across two private debt vehicles, according to its August 2020 investment board meeting documents.

The commitments comprise $75 million to GoldenTree Distressed IV and $50 million to Centerbridge Special Credit Partners IV. These commitments are re-ups with existing managers.

As illustrated below, MBOI’s recent private debt commitments have primarily been to distressed debt vehicles focused on investments in North America. Private investments, which include both private equity and private debt, constitute 8.6 percent of the organisation’s entire investment portfolio.

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