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Sign in Sign up for a FREE subscriptionTRS Texas commits $150m to BREP Europe VII
The $225.9 billion Teacher Retirement System of Texas (TRS) has made a $150 million commitment to BREP Europe VII, an opportunistic fund managed by Blackstone.
BREP Europe VII launched this year with a €10 billion ($11 billion) fundraising target.
BREP Europe VI closed in 2020 with €9.8 billion ($10.6 billion). The opportunistic fund is looking to invest in office, hotel, logistics, multifamily and single-family assets in France, Germany, Italy, the Netherlands, Spain and the United Kingdom.
