Montana Board of Investments has made a $200m (€169.7m) commitment to Walton Street Capital’s open-ended US real estate debt fund.
The pension fund disclosed in a board meeting document that the commitment to the Walton Street Real Estate Debt Core Fund is split equally, with $100m provided by the Consolidated Asset Pension Pool and $100m by the Trust Funds Investment Pool.
The Walton Street debt fund plans to provide debt for a variety of asset classes across the US, with housing types such as multifamily and student living making up a significant portion of the fund.
The fund will also target the industrial, self-storage and grocery-anchored retail sectors.
Walton Street Capital declined a request for comment.
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