South Dakota commits $600m to real estate
The $10.7 billion South Dakota Investment Council has committed $600 million to two real estate funds, according to recently released meeting documents.
The pension fund committed $300 million each to Lone Star Real Estate Fund V and Blackstone Real Estate Partners Europe V.
The Lone Star fund, which launched in December 2015, is seeking to raise $5 billion. The real estate fund series targets real estate debt and equity investments in the Americas, Western Europe and Japan. Recently, the Houston Firefighters’ Relief & Retirement Fund committed $25 million to the Lone Star fund.
The Blackstone fund, which