Montana Board of Investments, Helena, announced a total of $140 million in commitments to three investment funds, documents on the board's website showed.
The investment board staff committed $50 million apiece to OCP Asia Fund IV, a direct lending fund; and to GoldenTree Distressed Co-Investment Fund III, a distressed debt fund managed by GoldenTree Asset Management.
The board also committed $40 million to Axiom Asia VI, a fund of funds managed by Axiom Asia Private Capital.
Executive Director Dan Villa could not be immediately reached for comment.
The board oversees about $11.9 billion in assets for nine state pension funds.