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Investors - AUGUST 5, 2022

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NYSCRF backs JP Morgan, PGIM Real Estate, Blackstone, Fairfield funds

by Kali Persall

The New York State Common Retirement Fund (NYSCRF) has disclosed several large commitments with high-profile real estate managers in its June investment report.

NYSCRF invested $500 million each in the JP Morgan Strategic Property Fund (SPF), managed by JP Morgan Investment Management; PRISA, managed by PGIM Real Estate; and Blackstone Real Estate Partners X, managed by Blackstone. The pension fund also placed $200 million in Fairfield U.S. Multifamily Core Plus Fund II, managed by Fairfield.

JP Morgan’s SPF is an open-ended, commingled fund that invests primarily in core real estate assets located across the United States. PRISA is a perpetual life, open-ended, commingled fund that invests primarily in core real estate assets located in the United States.

Blackstone Real Estate Partners X is the latest in the series of Blackstone’s global flagship real estate

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