Montana Board of Investments, Helena, approved a total of about $251 million in commitments to a total of four infrastructure and real estate 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 ($91 million) to Copenhagen Infrastructure IV, managed by Copenhagen Infrastructure Partners, which invests in renewable assets. It also agreed to commit $50 million EQT Infrastructure V, managed by EQT Partners, which invests in high-quality infrastructure companies in Europe and North America and may explore opportunities in the Asia-Pacific region.
In addition, the board approved an $80 million commitment to Bell Core Fund I, a multifamily fund managed by Bell Partners; and a $30 million follow-on commitment to Fidelity Real Estate High Income Fund, managed by Fidelity Investments.
Executive Director Dan Villa could not be immediately reached for additional information.