NYSCRF approves $500m in commitments

The US public pension has backed two North America-focused funds.

In April 2018, NYSCRF committed $500 million across two real estate funds, both of which were existing relationships for the investor. A commitment of $200 million was made to the open-ended Blackstone Property Partners, bringing the total commitment to the fund to $700 million. Prologis Targeted US Logistics Fund received a follow-on commitment of $300 million, having already raised $300 million from NYSCRF in 2017.

The $207 billion US public pension has an 8 percent target allocation to real estate that currently stands at 6.6 percent.

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