US pension fund commits $40m to Axiom Asia's fifth fund of funds

US pension fund commits $40m to Axiom Asia's fifth fund of funds

The central business district in Singapore. Photographer: Ore Huiying/Bloomberg

The Montana Board of Investments has approved a commitment of $40 million to Singapore-based Axiom Asia Private Capital’s fifth fund of funds vehicle, Axiom Asia Private Capital V, according to the pension fund’s latest quarterly meeting minutes.

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