Montana Board of Investments, Helena, committed $110 million to three alternatives funds, confirmed Dana Chapman, office manager and board secretary, in an email.
The board approved a $50 million commitment to Deerpath Capital Advantage (U.S.) V, a buyout fund managed by Deerpath Capital Management. It also approved commitments of $30 million apiece to Neuberger Berman Strategic Co-Investment Partners IV; and CBRE Strategic Partners U.S. Value 9, a real estate fund managed by CBRE Global Investors.
The board, which oversees about $11.3 billion in assets for nine state pension funds, approved the commitments in August.
