The $11.2 billion Montana Board of Investments has committed a total of $95 million to three energy investment vehicles, according to a board meeting document.
The three new commitments to the energy portfolio include $40 million to Denham International Power Fund, managed by Denham Capital; $25 million to White Deer Energy Fund III, managed by White Deer Energy; and $30 million to Trilantic Energy Partners II, managed by Trilantic Capital Partners.
Denham International Power Fund invests in renewable and thermal power projects globally with a focus on emerging and frontier markets, while both White Deer Energy Fund III and Trilantic Energy Partners II make mid-market buyout investments in the oil, gas and coal industries. The funds make investments in North America.
Trilantic Energy Partners II is seeking to raise $500 million in total equity commitments, according to a
