• University of California invests $4bn in Blackstone’s real estate fund
    Real Estate

    University of California invests $4bn in Blackstone’s real estate fund

    A person of the largest endowments in the US is producing a $4bn expenditure into Blackstone’s flagship private true estate investment decision have faith in, in a transfer meant to shore up assurance in a $69bn fund that set boundaries on trader withdrawals very last 12 months right after struggling large redemptions. The College of California’s endowment, which manages extra than $150bn of belongings, reported on Tuesday it would make the financial investment in the Blackstone Authentic Estate Profits Have faith in, or Breit, at its latest net asset worth. That usually means it is getting a massive situation at the similar valuation as the fund’s extra than 200,000 present…

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