State of Wisconsin Investment Board approves $300m commitment

The US public pension has backed Blackstone's latest opportunistic Real Estate Partners fund.

Institution: State of Wisconsin Investment Board
Headquarters: Madison, United States
AUM: $110.36bn
Allocation to alternatives: 18.0%
Bitesize: $100-200m

State of Wisconsin Investment Board has approved a commitment of $300 million to Blackstone Real Estate Partners IX, according to the pension’s recently released Q4 2018 report.

The $110.36 billion US public pension has an 8.0 percent of current and target allocation to private real estate.

As illustrated in the charts below, State of Wisconsin Investment Board has made private real estate fund commitments with a 2018 vintage, with the other commitment being $100 million to CASA Partners VIII managed by Nuveen Real Estate.

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