The School Employees Retirement System of Ohio (SERS Ohio) committed $40 million to Blackstone Strategic Partners Real Estate VIII (BSPRE VIII) on Sept. 21, the retirement system announced in a recent press release.
BSPRE VIII, a secondaries real estate fund managed by Blackstone, held a final close at the end of November after raising $2.6 billion of capital.
Speaking about the close of BSPRE VIII, Verdun Perry, global head of strategic partners, Blackstone, said, “We are incredibly grateful to our investors for their continued support. We remain committed to generating strong risk-adjusted returns for the millions of beneficiaries that our investors represent. With our substantial scale and private market footprint, we believe we are well-positioned to capitalize on the substantial, and growing, opportunities in the real estate secondaries market.
