Japan’s Government Pension Investment Fund invests $500m to BREP X

Japan’s Government Pension Investment Fund has made a $500 million commitment to Blackstone Real Estate Partners X (BREP X), according its annual report.

BREP X closed in April with $30.4 billion of total capital commitments. Anticipating changing macrotrends, Blackstone Real Estate shifted its portfolio away from assets facing headwinds, such as traditional office and malls and is approximately 80 percent concentrated in logistics, rental housing, hospitality, lab office and data centers. BREP X’s scale and discretionary capital positions it well to capitalize on opportunities in its highest conviction sectors across the globe.