Blackstones

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

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One of the largest endowments in the US is making a $4bn investment into Blackstone’s flagship private real estate investment trust, in a move aimed at shoring up confidence in the $69bn fund that put limits on investor withdrawals last year after suffering heavy redemptions. The University of California’s $150bn endowment said on Tuesday it … Read more

Blackstone’s BREIT Gets $4 Billion California Injection

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(Bloomberg) — Blackstone Inc. is getting a $4 billion cash infusion from the University of California for its massive real estate fund Blackstone Real Estate Income Trust, which has faced heightened pressure from investors pulling cash. Most Read from Bloomberg UC Investments will invest the $4 billion in the Class I common shares, the largest … Read more