Searches and Hires

South Dakota earmarks $100 million for Blackstone energy fund

South Dakota Investment Council, Pierre, committed up to $100 million to Blackstone Energy Partners III, a private equity energy fund managed by Blackstone Group, for the $11.6 billion South Dakota Retirement System, recently released council meeting minutes show.

The pension fund already had nearly $32 million invested with Blackstone Energy Partners as of June 30, according to its annual report. Its allocation to private equity was 6.7% as of the same date.

Assistant investment officer Tammy V. Otten could not be immediately reached for comment.