The Texas Permanent School Fund (TPSF) has awarded more than $300 million in commitments to high-profile real estate managers.
The pension fund committed $75 million each to Blackstone Real Estate Partners X (BREP X) fund and Longpoint Specialty Grocer Fund, $73.70 million to BentallGreenOak Europe Fund IV, $50 million to VILA Multifamily Partners IC and $34.2 million to Ares European Real Estate Fund VI.
BREP X is the latest in the series of Blackstone’s global flagship real estate funds. The fund will 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.
Longpoint Realty Partners acquires and operates infill logistics and grocery-anchored real estate in major U.S. markets. The Longpoint Specialty Grocer Fund opened to investors in May, according
