
Montana Board of Investments Adds $110M to Asia Funds
The $24.9 billion Montana Board of Investments has chosen Axiom Asia and Accolade Partners from its latest tranche of alternatives funds, committing $110 million.
The pension fund committed $60 million to Axiom Asia Fund 7 and $50 million to OCP Asia Fund V, it shared in minutes from a board meeting.
Axiom Asia focuses exclusively on the Asia-Pacific region, managing nine private equity funds, with total commitments of over $7 billion since inception in 2006.
Singapore-headquartered OCP Asia specializes in direct lending solutions for small and medium-size enterprises across the Asia-Pacific region. Founded in 2009, OCP has completed more than 100 private credit investments and transactions totaling more than $4 billion.
The Montana Board of Investments has a history of investing in funds managed by general partners with an emphasis on Asia. In January 2022, it committed $50 million to Crescent Point Group’s third fund and another $100 million to OCP’s opportunities fund. In February of 2022, it also committed another $50 million to BlueRun Ventures’ third Asia investment vehicle.
