Montana Board of Investments, Helena, disclosed a commitment of $75 million to Tree Line Direct Lending IV for the $14.8 billion Consolidated Asset Pension Pool of nine state pension funds' assets.
The board, which manages a total of $26.2 billion, disclosed the commitment to the private credit fund managed by Tree Line Capital Partners in materials for its upcoming May 22-23 meeting.
The board previously committed $75 million to Tree Line Direct Lending III in 2022.
As of March 31, the CAPP’s actual allocation to private investments was 17%.
