Investors - FEBRUARY 7, 2018

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

CalPERS commits $750m to Blackstone’s European-focused vehicle

by Jody Barhanovich

The $329.9 billion California Public Employees’ Retirement System has committed $750 million to Blackstone’s European-focused real estate vehicle, according to the pension fund’s board meeting documents for its Feb. 12 meeting.

Blackstone, the largest real estate private equity firm, recently held a $2 billion initial close for Blackstone Property Partners Europe, according to the firm’s fourth quarter and full-year 2017 results report.

Blackstone Property Partners Europe is a core-plus real estate fund that invests in properties throughout Europe. It is the first European open-ended, core-plus fund for Blackstone. The firm’s first core-plus vehicle, Blackstone Property Partners, is a U.S.-focused open-ended real estate fund that launched three years ago.

In additional news, CalPERS reported a 7.8 percent total return for its real estate portfolio, beating its benchma

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.