Texas Permanent Fund approves $307m new real estate commitments | News

Texas Permanent School Fund (PSF) said it issued $307.9m (€302.4m) worth of real estate fund commitments during the second quarter of 2022.

Texas PSF told IPE Real Assets that during the period, it made a $73.7m commitment to BentallGreenOak Europe IV, backed Ares European Real Estate Fund VI with $34.2m and issued $75m into the Longpoint Specialty Grocer Fund I fund.

Texas PSF said it also placed $50m into VILA Multifamily Partners IC and $75m into the Blackstone Real Estate Partners X fund.

According to sources, BentallGreenOak seeks to raise $4.2bn for its Europe IV, a fund which targets industrial and logistics assets in Europe.

BentallGreenOak did not respond to a request for comment.

As previously reported, Ares Management Corporation is seeking to raise €2.5bn for its sixth European real estate fund.

Longpoint Realty Partners did not respond to a request to comment on the Specialty Grocer fund. Longpoint is known for investing in US grocery-anchored shopping centers.

Blackstone disclosed during a second-quarter earnings call that it had so far raised $24bn for Partners X, its latest global real estate fund, adding that it has a $30.3bn fundraising target for the fund.

To read the latest edition of the latest IPE Real Assets magazine click here.

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker