Montana Board Discloses $260M in New Investments

The Montana Board of Investments has disclosed five new commitments totaling $260 million.

$50 million was allocated to real assets fund, Kimmeridge Fund VI, managed by Kimmeridge.

In private credit, $50 million was allocated to OCP Asia Fund V (US), managed by OCP Asia.

Within private equity, $60 million was allocated to Axiom Asian Fund 7. In addition, $50 million was allocated to the venture capital fund, Foundation Capital Fund XI / Leadership Fund 4, managed by Foundation Capital. Lastly, $50 million was also allocated to the venture capital fund, Accolade Partners IX / Venture I, managed by Accolade Partners.

As of March 31, 2023, the pension was valued at approximately $13.7 billion.

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