Montana Board of Investments approves $50m commitment

The US government investment organisation has backed a North American energy fund.

Institution: Montana Board of Investments
Headquarters: Helena, United States
AUM: $18.93bn
Allocation to alternatives: 23.20%
Bitesize: $10-50m

Montana Board of Investments committed $50 million to Kimmeridge Energy Exploration Fund V. Launched in 2018, the fund will invest in energy companies throughout North America.

The $18.93 billion US organisation currently allocates 23.20% to alternative assets.

As illustrated in the charts below, MBI has a strong appetite for North American energy funds. The investment organisation allocates 3% to infrastructure assets.

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