MBOI makes $100m in commitments to two private equity vehicles

The Helena-based organisation has backed two private equity vehicles.

Institution: Montana Board of Investments
Headquarters: Helena, US
AUM: $25.96 billion
Allocation to alternatives: 20.34%

Montana Board of Investments has committed $100 million across two private equity vehicles, according to its February 2021 investment board meeting documents.

The commitments comprise $50 million each to RiverGlade Capital II and BRV Lotus Fund III.

As illustrated below, MBOI’s recent private equity commitments have primarily focused on venture capital, buyout and mezzanine funds targeting investments globally. Private investments, which include both private equity and private debt, constitute 8.73 percent of the organisation’s entire investment portfolio.

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