The Montana Board of Investments has committed up to $215 million to real estate funds, including Sterling United Properties Fund I and Blue Owl Real Estate Fund VII, according to meeting materials from Aug. 20.
Sterling United Properties Fund, a continuation vehicle, received $115 million for its closed-end, core strategy that invests in retail in the United States. The fund aims to raise $600 million. CRPTF has also committed a total of $150 million to this fund.
Blue Owl Real Estate Fund VII received $100 million for its closed-end, value-added strategy that invests in industrial assets, with a portion allocated to office and retail properties. The fund aims to raise $6.5 billion. The Illinois Municipal Retirement Fund has committed $125 million and the
