Montana Board of Investments, Helena, committed $50 million to Oak Street Real Estate Capital Fund VI.
The board, which manages a total of $25.5 billion, including the $14 billion Consolidated Asset Pension Pool of nine state pension fund assets, disclosed the commitment to the value-added real estate fund in materials for its Aug. 23-24 meeting.
The board previously committed $30 million to Oak Street Real Estate Fund V in 2020.
As of March 31, the Consolidated Asset Pension Pool's actual allocation to real estate was 12.5%.
