Montana Board of Investments, Helena, disclosed two new commitments totaling $110 million.
The board, which manages a total of $24.5 billion, including $13.3 billion in assets for nine state pension funds, disclosed commitments of $60 million to EQT X, a buyout fund managed by EQT Partners, and $50 million to Bell Value-Add SM Fund VIII, a U.S. multifamily real estate fund managed by Bell Partners.
The commitments were disclosed in materials for the Feb. 22-23 board meeting.
The board previously committed $50 million to EQT Infrastructure V and $80 million to Bell Core Fund I, both in 2021.
As of Dec. 31, the consolidated asset pension pool's actual allocations to private investments and real estate were 17.3% and 12.7%, respectively.