Two more pension plans invest with Blackstone
Two pension funds have separately invested in The Blackstone Group’s current mega-fund.
The $16.7 billion Louisiana Teachers’ Retirement System committed $50 million to Blackstone Real Estate Partners VIII, and the $80.3 billion Minnesota State Board of Investments invested $150 million in the fund.
BREP VIII is Blackstone’s recently launched fund, which could raise $15 billion in equity, making it the largest in the fund series.
The latest commitments follow the $34.9 billion Illinois Municipal Retirement Fund’s investment of $100 million in the global opportunistic fund. Other recent investors include the $14.7 billion