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Sign in Sign up for a FREE subscriptionSouth Dakota commits $300m to Blackstone’s Asia-focused fund
The $11.2 billion South Dakota Investment Council has committed up to $300 million to Blackstone Real Estate Partners Asia II, according to the pension fund’s recently released investment council meeting minutes.
Blackstone Real Estate Partners Asia II, managed by Blackstone, launched earlier this year with a $5 billion maximum equity fundraising target. The fund will invest in warehouses and shopping malls in China, India, Southeast Asia and Australia.
The fund has also received commitments from the $36.2 billion Illinois Municipal Retirement Fund, the $48.6 billion Teachers’ Retirement System of the State of Illinois and the $85 billion Minnesota State Board of Investment.
Blackstone’s first Asia-focused
