FUNDRAISING NEWS | August 29, 2024
The Montana Board of Investments (MBI) approved five allocations to alternatives totaling over $400M, according to materials from the August 28 board meeting.
In private equity, MBI allocated $50M to Tenex Capital Partners Fund IV, $100M to FLC Big Horn Investment Fund, and $400M to Builders VC Fund III.
In real estate, MBI committed $150M to Walton Street Real Estate Debt Core Fund ($100M from the consolidated asset pension pool and $50M from the trust funds investment pool), while in real assets, BMI committed €75M (or approximately $82M) to Copenhagen Infrastructure V via its consolidated asset pension pool.
RVK assisted with the recommendations.
As of July 31, the $15.1B pension fund said it allocates approximately 16.6% to private investments and approximately 12% to real estate exposures.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace! 
Helen Bascom is a Marketing Associate at Dakota.
