Montana Board of Investments, Helena, committed $170 million to four alternatives funds, said Savannah Morgan, administrative assistant, in an email.
At its meetings Tuesday and Wednesday, the board, which oversees about $11.3 billion for nine pension funds, approved the following commitments made to the following funds:
• $50 million to Kimmeridge Energy Exploration Fund V, a natural resources fund.
• $50 million to Golden Tree Distressed Fund III, a distressed debt fund managed by GoldenTree Asset Management.
• $40 million to CenterSquare U.S. Real Estate Securities, managed by CenterSquare Investment Management.
• $30 million Sterling United Properties II, a real estate fund managed by Sterling Organization.
The board had an allocation of 10.7% to private equity as of Sept. 30.