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