Montana Board of Investments has increased its exposure to real estate and infrastructure with two new commitments totalling $285m (€244m), according to a board meeting document.
The pension fund has invested $150m in Sweet Grass-Equus II, a US value-add real estate managed by Equus Capital Partners. The fund will focus on office, residential and industrial assets.
The commitment was funded with $100m from Montana’s Consolidated Asset Pension Pool (CAPP) and $50m from the Trust Funds Investment Pool (TFIP).
Montana BOI also approved a $135m commitment to CBRE Musselshell Infrastructure Investments, a global fund that invests in mid-market infrastructure assets in OECD countries.
CAPP provided $100m of the capital and TFIP $35m.
