Montana Board of Investments approves $50m commitment

The government investment organisation has backed a global distressed debt fund.

Institution: Montana Board of Investments
Headquarters: Helena, United States
AUM: $18.93bn
Allocation to alternatives: 23.20%
Bitesize: $10-50m

Montana Board of Investments has committed $50 million to GoldenTree Distressed Fund III.

The $18.93 billion US organisation currently allocates 23.20% to alternative assets.

As illustrated in the charts below, MBI has a strong appetite for corporate debt funds across multiple strategies. Joseph Cullen is the current Chief Investment Officer.

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