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New Jersey commits $100m to real estate debt

by Zoë Wolff

The $74.2 billion New Jersey Division of Investment has committed $100 million to Blackstone Real Estate Debt Strategies III, according to recent meeting documents.

The fund, managed by The Blackstone Group, invests in mezzanine and whole loans. It has raised $1.28 billion since its launch in October 2015. The fund has received commitments from the Pennsylvania Public School Employees’ Retirement System, the Illinois Municipal Retirement Fund and the

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