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Montana Board of Investments earmarks $50 million for private equity

Montana Board of Investments, Helena, committed $50 million total to two private equity funds, said materials prepared for Tuesday's board meeting.

In private equity, investment staff committed $25 million each to Axiom Asia Private Capital IV, a private equity fund of funds, and McCarthy Capital Fund VI, a buyout fund.

As of Dec. 31, the board overseeing pension funds representing roughly $10 billion in assets had an 11.4% allocation to private equity.

David Ewer, executive director, could not immediately be reached for additional information.