Texas Permanent School Fund Commits to Two Euro Real Estate Funds
The Texas Permanent School Fund (TPSF) is expanding their institutional real estate portfolio, especially in European opportunities. They committed capital to two Europe-focused real estate funds.
The permanent fund committed €60 million to London-based Tristan Capital Partners. In addition, the TPSF committed $75 million to Blackstone Real Estate Partners Europe IV. The Blackstone Group LP has raised US$ 2 billion in its fourth real estate fund. The fund is targeting €5 billion.
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