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.
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