South Dakota Investment Council, Pierre, committed $243 million to Lone Star Real Estate Fund IV, a distressed commercial real estate debt and equity fund managed by Lone Star Funds, said Tammy Otten, assistant investment officer, in an e-mail.
The council previously committed $150 million to Lone Star Real Estate Fund III in 2013.
Also, the council committed $97 million to Blackstone Capital Partners VII, a private equity fund managed by Blackstone Group.
The council previously committed $334 million to Blackstone Real Estate Partners Fund VIII in February.
The South Dakota Investment Council oversees investment management of the $10.6 billion South Dakota Retirement System, $503 million Education Enhancement Trust Fund, $302 million Dakota Cement Trust Fund, $257 million School & Public Lands Fund and $136 million Health Care Trust Fund.
