MBOI makes $25m commitment

The Helena-based organisation has re-upped with Foundation Capital.

Institution: Montana Board of Investments
Headquarters: Helena, US
AUM: $24.9 billion
Allocation to alternatives: 18.9%

Montana Board of Investments has committed $25 million to Foundation Capital X, according to its August 2020 investment board meeting documents.

The organisation previously committed $20 million to the vehicle’s predecessor, Foundation Capital IX, which held a final close at $350 million in September 2019, achieving its target.

As illustrated below, MBOI’s recent private infrastructure commitments have focused primarily in North America in the renewables and energy sectors. The organisation’s real assets, which includes infrastructure, constitute 2.6 percent of its investment portfolio.

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