New York State Common Retirement Fund (NYSCRF) and South Dakota Investment Council (SDIC) have approved $537.5m (€477.1m) worth of commitments into Blackstone’s latest European opportunistic real estate fund.
NYSCRF has committed €280m and SDIC has committed $222m into the Blackstone Real Estate Partners Europe VI fund, according to both investors.
Europe VI, an opportunistic fund close to raising $10bn, targets single assets and portfolio deals in a variety of property types.
Blackstone declined a request for comment.
NYSCRF has also approved a $10m commitment into the BIG Real Estate Fund I as part of the pension fund’s emerging manager program.
BIG Fund I has a US real estate debt strategy focused on originating, co- originating, acquiring debt and making structured equity investments.
- American Investors
- BIG Real Estate Fund I
- Blackstone Real Estate Partners Europe VI
- Brookfield Infrastructure Fund IV
- Capital Raising
- Debt funds
- Debt Markets
- Investment Strategies
- Investment Vehicles
- New York State Common Retirement Fund
- Real Estate
- South Dakota Investment Council
- US Investors