Montana Board of Investments commits $100m to two real estate funds, ups exposure to REITs

The Montana Board of Investments (MBI) has committed $100 million to two real estate funds, according to a recent investment packet from February.

MBI disclosed an $80 million commitment to Stockbridge Niche Logistics Fund and a $20 million commitment to CBRE Strategic Partners US Value 9.

The Stockbridge Niche Logistics Fund, an open-end core-plus vehicle, was launched in December 2020 with initial commitments of $352.75 million, according to an SEC filing.

The strategy will invest across the supply chain of industrial assets, including truck terminals, outdoor storage and drop locks. Stockbridge Niche Logistics Fund will look to the traditional gateway markets, as well as what has b