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Investors - NOVEMBER 29, 2021

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South Dakota Investment Council puts $100m in Blackstone’s latest Asia property fund

by Kali Persall

The South Dakota Investment Council (SDIC) has unanimously approved a commitment of as much as $100 million in Blackstone Real Estate Partners Asia III (BREP Asia III), according to recently released meeting minutes.

As of October, BREP Asia III had secured $4 billion, against a target of $9 billion, according to Mingtiandi. The previous fund in the series closed in 2018 with $7.1 billion in capital commitments.

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