Publications

Investors - APRIL 23, 2015

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

Sign in Start Your Free Trial Now View Purchase Options

Lubbock Fire commits $10m to real estate fund

by Zoë Wolff

Lubbock Fire Pension Fund committed $10 million to the Blackstone Real Estate Income Fund, says Jack Watkins, plan administrator for the pension fund. The closed-end fund is managed by The Blackstone Group and focuses primarily on real estate related debt investments.

Watkins says the board’s decision to invest in the fund was “driven by a need to increase return on the fixed-income allocation within the portfolio. The investment expectation is increased return with comparable risk to existing fixed income holdings.”

While this is the $185 million pension fund’s first investment with a Blackstone real estate fund, they have previously invested in other Blackstone funds.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy