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Texas commits $100m to real estate debt

by Zoë Wolff

The $23 billion Texas County & District Retirement System has committed $100 million to Blackstone Real Estate Debt Strategies III, according to a transaction summary on the pension fund’s website.

The fund, managed by The Blackstone Group, invests in mezzanine and whole loans and has received commitments from the New Jersey Division of Investment, the Pennsylvania Public School Employees’ Retirement System, the Illinois Municipal Retirement Fund and the

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