Montana Board of Investments

About this data

Holdings as this LP reports them, fund by fund. Amounts are the market value it reports for each holding; the report gives no commitments. As of December 31, 2025. Source: Montana Board of Investments Investment Holdings: Private Investments Asset Class. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.

Holdings only: the Board's unaudited Investment Holdings report lists each security of the pension pool's Private Investments asset class with one amount, its market value in US dollars (whole dollars as printed). It reports no commitment, contributions, distributions, vintage year, multiple or IRR per fund, so those are blank; nothing is derived or estimated. Names are as printed (capitals, abbreviated). Every fund in the Private Investments table is included as the Board classifies it; the table does not separate buyout, venture, secondaries, co-investment, distressed and private credit funds. The table's lines add up to its Grand Total of $2,792,584,413 (to within rounding), which is the Private Investments market value in the report's pension asset class summary. 4 lines of the table are not private funds and are left out (COMMERCE.COM INC, ISHARES CORE S+P SMALL CAP ETF, PAYABLE/RECEIVABLE, STATE STREET BANK + TRUST CO; $26,226,359 together). The Real Assets and Real Estate tables are not imported.