Institution: Montana Board of Investments
Headquarters: Helena, United States
AUM: $21.52 billion
Allocation to alternatives: 14.9%
Montana Board of Investments committed $260 million across three private debt vehicles, according to agenda documents from its August 2020 investment board meeting.
The commitments comprise $100 million to AG Commercial Real Estate Debt Opportunities Fund III and $50 million each to GT Distressed Co-Investment Fund III and OCP Asia Fund IV.
As illustrated below, MBOI’s recent private debt commitments have primarily employed a senior debt origination strategy in the North America region. Private investments, which include both private equity and private debt, constitute 7.17 percent of MBOI’s entire portfolio.
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