Montana commits $60m to real estate and energy
The $9.8 billion Montana Board of Investments has committed $60 million to three funds, according to recently released meeting documents.
The board of investments committed $20 million each to AG Realty Fund IX and AG Core Plus Realty Fund IV. Angelo, Gordon & Co manages both real estate funds.
Additionally, the board committed $20 million to ArcLight Energy Partners Fund VI, an energy infrastructure fund, managed by ArcLight Capital Partners, that focuses on North American midstream and power assets
The pension fund currently has an 8.7 percent allocation to real estate, slightly above its 8 percent target allocation.