Montana Board of Investments, Helena, committed $290 million to seven alternatives funds, confirmed Dana Chapman, office manager and board secretary, in an email.
At its meeting Wednesday, the board announced a total of $170 million in commitments to four real estate funds: $100 million to Walton Street Real Estate Debt Fund II, a value-added real estate debt fund managed by Walton Street Capital; $30 million each to DRA Growth & Income Fund X, managed by DRA Advisors, and Oak Street Real Estate Capital Fund V; and a $10 million follow-on commitment to Fidelity Real Estate High Income Fund, managed by Fidelity Investments.
In natural resources, the state investment board committed a total of $75 million to two funds: $45 million to Ecosystem Investment Partners IV; and $30 million to Mountain Capital Partners II managed by Mountain Capital Management.
The board also committed $45 million to Ascendant Capital Partners III, a private equity fund.
The board oversees about $11.9 billion in assets for nine state pension funds.