Searches and Hires

Montana commits $20 million to venture capital fund

Montana Board of Investments, Helena, committed $20 million to Foundation Capital IX, a venture capital fund, said Dana Chapman, office manager and board secretary, in an email.

The board, which oversees about $11.3 billion in assets for nine state pension funds, approved the commitment at its meeting Monday.

The board had an allocation of 10.7% to private equity as of Sept. 30.