NYSCRF commits $300m to real estate

The US pension fund has committed $300m to Blackstone Real Estate Partners Europe VII.

Name: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $259.99 billion
Allocation to private real estate: 9.92%

New York State Common Retirement Fund (NYSCRF) has recently revealed a $300 million real estate commitment to Blackstone Real Estate Partners Europe VII in its monthly transaction report. This is a continuation of the existing relationship between Blackstone and NYSCRF.

Blackstone seeks to raise $10 billion for its fund to opportunistically target hospitality, industrial, residential, retail and office assets across Europe. The US pension fund has a 9.92 percent overallocation towards private real estate, with a target allocation of 9 percent.

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