LP profile · Pension fund
Montana Board of Investments
Montana Board of Investments is a pension fund headquartered in United States (North America). Ranked #202 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Montana Board of Investments was established by the state legislature in 1972.
- It was created to manage the state's investments according to constitutional and statutory guidelines and is administratively attached to the Department of Commerce.
Source of Capital
- The board manages funds from state and local governments within Montana.
- Its investment pools include capital from nine state pension funds, such as the Public Employees' Retirement System and the Teachers' Retirement System, as well as state trust funds.
Major Events
- No information available.
Allocation Strategy
- The board invests across a diversified range of assets, including private equity, private credit, real estate, and public markets.
- A specific mandate includes the In-State Investment Program, which focuses on financing new or expanding businesses within Montana to foster local economic growth.
- The board has indicated intentions to increase its target allocations to private market assets, including private equity and private credit, for certain investment pools.
Sources
- http://investmentmt.com/
- https://archive.legmt.gov/content/Committees/Interim/2023-2024/Economic-Affairs/Reports/Board_of_Investments-FY23.pdf
- https://www.privateequityinternational.com/institution-profiles/montana-board-of-investments.html
- https://www.buyoutsinsider.com/montana-board-of-investments-seeks-to-raise-private-credit-pe-allocations/
- https://www.pionline.com/searches-and-hires/montana-board-investments-commits-100-million-private-equity