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Two more pension plans invest with Blackstone

by Andrea Waitrovich

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

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