Institution: Montana Board of Investments
Headquarters: Helena, United States
AUM: $20.99 billion
Allocation to alternatives: 15.58%
Montana Board of Investments approved $110 million-worth of private equity commitments in February, according to board meeting documents released in June.
The commitments included $10 million to Foundation Capital Leadership Fund II; $50 million each to Odyssey Investment Partners Fund VI and Sumeru Equity Partners Fund III.
MBI has existing relationships with the managers of the aforementioned funds. It has a long history of fund commitments to Odyssey Capital Partners and also made a previous commitment in April 2019 to a fund managed by Foundation Capital.
As illustrated below, MBI’s recent commitments have been North America focused. It currently allocates 15.58 percent of its investment portfolio to alternatives.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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