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Sign in Sign up for a FREE subscriptionCRPTF commits up to $50m to real estate fund
The $31.5 billion Connecticut Retirement Plans & Trust Funds has committed up to $50 million to Blackstone Real Estate Partners Europe V, according to Denise Nappier, state treasurer and principal fiduciary for the pension fund.
Blackstone Real Estate Partners Europe V launched in 2015 with a €7 billion ($7.38 billion) equity fundraising target. BREP Europe V will target office, industrial, residential, retail and hospitality properties. At least 60 percent of the opportunistic fund will be invested in the United Kingdom, France and Germany, with the remainder invested throughout the rest of Europe. The fund has raised approximately €6.7 billion ($7.1 billion) so far.
In addition, the pension fund is considering a $75 million commitment to H/2 Special Opportunities Fund IV. The fund is focused on U.S. assets with high-quality real estate debt. A final decision will be made a
