Recently, more U.S. pension funds have announced plans to invest in global real estate fund Blackstone Real Estate Partners X, according to the IREI.Q database.
Investors include the $21.6 billion Arkansas Teacher Retirement System and the $25.4 billion Louisiana Teachers’ Retirement System; both made a $75 million commitment. In addition, the $14.2 billion Cook County (Chicago) Annuity & Benefit Fund made a $30 million commitment, and the $775 million Tampa (Fla.) General Employees’ Retirement Fund made a $10 million commitment.
Blackstone Real Estate Partners X launched in May to invest in diversified property types globally. A fundraising target could not be determined at the time of publication; however, the opportunity fund’s predecessor, Blackstone Real Estate Partners IX (BREP IX), reached a final close in 2019 with a record $20.5 billion of capital commitments.
Earlier reported pension fund inves
