Montana Board of Investments, Helena, approved $300 million in commitments to seven alternatives funds, documents from the $23.7 billion state investment board show.
The board, which oversees assets for nine state pension funds, approved a commitment of $75 million to GoldenTree Distressed Fund IV, a distressed debt fund managed by GoldenTree Asset Management, and $50 million each to Sterling Consumer Logistics Properties Fund I, a real estate fund managed by Sterling Organization; Centerbridge Special Credit Partners IV, a debt fund managed by Centerbridge Partners; and Centerbridge Partners Real Estate Fund II.
In addition, the board committed $25 million each to Builders VC Fund II, and to Foundation Capital X and Foundation Capital Leadership Fund III, both venture capital funds managed by Foundation Capital.
Executive Director Dan Villa could not be immediately reached for additional information.
