South Carolina Retirement System puts $200m in Blackstone, EQT Exeter funds

The South Carolina Retirement System Investment Commission has awarded $100 million each to Blackstone Real Estate Partners X (BREP X), managed by Blackstone, and EQT Exeter US Industrial Value-Add Fund VI, managed by EQT Exeter.

BREP X is the latest in Blackstone’s series of global flagship real estate funds. The vehicle seeks to construct a diversified portfolio of real estate and real estate-related assets globally. In July, the fund surpassed $24.1 billion on its way to reaching an estimated target of $30.3 billion when it is finalized, according to The Wall Street Journal.

EQT Exeter US Industrial Value-Add Fund VI is a closed-end, value-added fund targeting industrial opportunities in large U.S. markets.  The vehicle launched in March with a $4.5 billion fundraising target. As with previous funds, Fund VI will focus on acquiring, renovating, developing and leasing logistic properties in the United States.

Fund VI plans to secure 200 to 250 indi