Montana bets $20 mln on Foundation’s ninth fund as commitments rise

Montana Board of Investments, pension fund, private equity
Justin Harrell of Roy, Montana, gets bucked off the horse Saturday Kibitz, losing his boot in the process, in the novice saddle bronc event during the 101st Calgary Stampede rodeo in Calgary, Alberta, July 12, 2013. REUTERS/Todd Korol (CANADA - Tags: SPORT ANIMALS SOCIETY ANNIVERSARY TRAVEL) - GM1E97D0CHX01
Montana Board of Investment at its April meeting made a commitment to a Silicon Valley-based Foundation Capital’s ninth fund. Montana pledged $20 million to Foundation’s Fund IX, which focuses on technology markets, a person familiar with the deal told Buyouts. ...

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