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.

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