University of Houston System approves $10m commitment

The US endowment has backed Blackstone's sixth European opportunistic real estate fund.

Institution: University of Houston System
Headquarters: Houston, United States
AUM: $684.70m
Allocation to alternatives: 14.0%
Bitesize: $5-10m

University of Houston System has agreed to commit $10 million to Blackstone Real Estate Partners Europe Fund VI, according to a report on the endowment’s website.

The endowment previously committed $7.5 million to Blackstone Real Estate Partners VIII in 2015, $7.5 million to Blackstone Real Estate Partners Europe V in 2016, and $10 million to Blackstone Real Estate Partners IX in 2018.

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