Montana Board of Investments, Helena, committed $70 million to two alternatives funds, confirmed Dana Chapman, office manager and board secretary, in an email.
The board approved a $40 million commitment to Veritas Capital VII, a buyout fund. It also committed $30 million to Bell Institutional Fund VII, a multifamily real estate fund, managed by Bell Partners.
Investment consultant RVK assisted.
The board oversees about $11.3 billion in assets for nine state pension funds.