Montana Board of Investments, Helena, disclosed commitments totaling $340 million for the $15.4 billion Consolidated Asset Pension Pool of nine state pension funds' assets.
The board, which manages a total of $27 billion in state assets, disclosed the commitments in materials for its upcoming Nov. 20 meeting.
Those commitments were $50 million each to Deerpath Evergreen Advantage (U.S.), a direct lending fund managed by Deerpath Capital Management; natural resources fund Ecosystem Investment Partners V; GoldenTree Tactical Opportunities Fund, a buyout fund managed by GoldenTree Asset Management; WCP NewCold III, an opportunistic real estate fund concentrating on temperature-controlled storage facilities managed by Westport Capital Partners; and Stellus Credit Fund IV, a direct lending fund managed by Stellus Capital Management; £40 million ($50 million) to U.K.-based buyout fund Rubicon Partners IV; and $40 million to buyout fund Renovus Capital Partners IV.
As of Sept. 30, the Consolidated Asset Pension Pool's actual allocations to private investments, real estate and real assets were 16.7%, 12.4% and 5.8%, respectively.
