Montana BOI approves $60m in commitment

The US state investment board is ramping up its exposure to private debt investment.

The Montana Board of Investments (Montana BOI) has made an additional $30 million commitment to Deerpath Capital Advantage IV, following a previous commitment of $30 million.

Aiming for a stronger presence in private credit funds, the $11.5 billion Helena-based investor has been upping its allocation to this strategy since last year.

The Board also committed $75 million to the Asia-Pacific focused direct lending fund, OCP Asia Fund III, in the first quarter, with another $30 million allocated to OCP’s Fund II previously.

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