Montana Board of Investments commits $50 million to a senior debt fund

The state investment board has backed Deerpath Capital Management’s latest debt vehicle.

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Institution: Montana Board of Investments
Headquarters: Helena, United States
Total AUM: $19.59bn
Allocation to Alternatives: 15.1%
Bitesize: $10-50m

Montana Board of Investments has committed $50 million to Deerpath Capital Advantage V, according to a contact within the organization. Deerpath Capital Advantage V opened in August 2019 and focuses on senior debt opportunities within the corporate, real estate, and infrastructure sectors.

The $19.59 billion state investment board manages the retirement funds of state public employees, teachers, police, firefighters, sheriffs, highway patrol, game wardens, judges, and volunteer firefighters in a pooled fund call the Consolidated Asset Pension Pool (CAPP).

Currently, allocation to alternatives stands at 15.1 percent.

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