Oklahoma Police commits $40m
The $2.2 billion Oklahoma Police Pension & Retirement System has committed $30 million to Blackstone Property Partners, The Blackstone Group’s core-plus open-end fund, and $10 million to Siguler Guff & Co.’s Siguler Guff Distressed Real Estate Opportunities Fund II.
“Blackstone has an excellent reputation on the street,” explains Steven Snyder, executive director with OPPRS, regarding the investment in Blackstone’s first core-plus open-end fund.
BPP, which recently received $100 million from the Arizona State Retirement System, is reportedly seeking around $5 billion to achieve 9–11 percent returns from office, retail, multifamily and industrial properties in major markets in North America.
SGREOF II is a closed-end opportunistic fund that launched in July 2013. The fund