Montana Board of Investments has approved $276m (€226.5m) worth of new real estate and infrastructure investments.
The pension fund said in a meeting document has approved €75m and $50m into the Copenhagen Infrastructure IV and EQT Infrastructure IV global funds respectively. For real estate commitments, Montana Board has approved $80m into the Bell Core Fund I, an additional $30m into Fidelity Real Estate High Income Fund for debt investment and another $25m into the pension fund’s public real estate investment trust program.
The investment with Bell Partners was part of an $800m core US multifamily investment program that the manager has created. The manager declined to comment when contacted for this story.
To read the digital edition of the latest IPE Real Assets magazine click here.
