Montana Board of Investments, Helena, disclosed two new commitments totaling $135 million.
The board, which manages a total of $23.2 billion, including $12.9 billion in assets of nine state pension funds, disclosed commitments of $75 million to Deerpath Capital Advantage VI, a buyout fund managed by Deerpath Capital Management, and $60 million to Audax Private Equity Fund VII, a middle-market buyout fund managed by Audax Group.
The commitments were disclosed in Dec. 6-7 board meeting materials.
The board previously committed $50 million to Deerpath Capital Advantage V in 2019 and $20 million to Audax Private Equity Fund V in 2015.
As of Sept. 30, the consolidated asset pension pool's actual allocation to private investments was 18.1%.