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Montana Board Of Investments Turns Focus To Non-core Real Estate | News | Ipe Ra

by realassets.ipe.com posted 9months ago 28 views
Pension fund allocates $120m for new real estate investments. : The $18.5bn (€16.2bn) pension fund has allocated $120m for real estate investment for its 2018-19 fiscal year and will focus exclusively on non-core assets, according to a board meeting report. The pension fund allocated $180m for the previous 12 months, but ended up investing $310m in the form of eight fund commitments. These included a recent $20m commitment to the Fidelity Real Estate High Income, a property debt fund, and a $30m commitment to Angelo Gordon Realty Fund X, a value-add real estate vehicle.

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