MBOI makes $260m in commitments

MBOI has backed six private equity vehicles.

Institution: Montana Board of Investments
Headquarters: Helena, United States
AUM: $21.52 billion
Allocation to alternatives: 14.9%

Montana Board of Investments has committed $260 million across six private equity vehicles, according to agenda documents from its August 2020 investment board meeting.

The commitments comprise $40 million to Axiom Asia VI; an additional $20 million to Mountain Capital Partners II; and $50 million each to McCarthy Capital Fund VII, Tenex Capital Partners Fund III, OCP Asia Fund IV, and GoldenTree Distressed Co-Investment Fund III.

As illustrated below, MBOI tends to focus its recent private equity commitments in North America and Asia-Pacific regions targeting a variety of strategies including co-investment, funds of funds, buyout and venture capital. Private investments, which includes both private equity and private debt, constitute 7.17 percent of MBOI’s entire portfolio.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.