South Dakota Investment Council approves $270m in commitments

The US public pension has backed two opportunistic real estate funds.

Institution: South Dakota Investment Council
Headquarters: Sioux Falls, United States
AUM: $13.86bn
Allocation to alternatives: 16.10%
Bitesize: $100-200m

South Dakota Investment Council has agreed to commit $200 million to Blackstone Real Estate Partners Europe VI and $75 million to Lone Star Real Estate Fund VI, according to the pension’s latest board meeting minutes.

The $13.86 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 6.60 percent.

As illustrated in the charts below, South Dakota has committed to four real estate funds with a 2018 or 2019 vintage, which combined constitute $675 million.

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