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University of Houston System makes follow-on investment in Blackstone fund
Investors - APRIL 23, 2019

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University of Houston System makes follow-on investment in Blackstone fund

by Andrea Zander

University of Houston System has plans to invest $10 million in Blackstone Real Estate Partners Europe VI, a European opportunistic real estate fund managed by Blackstone Group, according to the Feb. 28 endowment management committee meeting minutes.

Blackstone Real Estate Partners Europe VI launched this year with an €8 billion ($9 billion) target, which would make it larger than its predecessor a €7.8 billion ($8.7 billion).

The system previously committed $7.5 million to Blackstone Real Estate Partners V in 2016. Blackstone Real Estate Partners V closed in 2017.

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