Former Montana Board of Investments’ PE Director Lands at Penn State

By David G. Barry

Michael
Nguyen, Montana Board of Investments’ (MBOI) former director of
private equity, has landed on the other side of the country.

Nguyen, according to his LinkedIn profile, is now a director, investments, with
Penn State University’s $4.5 billion endowment.

He left MBOI this summer after five years, serving the past three years as
director of private equity. Previously, he held roles with CTC Consulting and
Informed Market Intelligence.

MBOI handles investing for nine state pension funds as well as a trust fund
investment pool and a short-term investment pool. MBOI’s total assets as of
June 30 were $25.5 billion, $13.5 billion of which were in the consolidated
pension plans. Private investments – which includes private equity, venture
capital, private credit, and passive ETFs – account for $2.3 billion, or 17.6%,
of the pensions’ funds.

Penn State was searching this summer for a new deputy chief investment officer
after Sonali Dalal left to become CIO of the $900 million University of
St. Thomas in St. Paul, Minn. The status of that search is unclear.