South Dakota Investment Council, Pierre, committed up to $300 million to Blackstone Real Estate Partners Asia II, managed by Blackstone Group, said Tammy V. Otten, assistant investment officer, in an email.
The council previously committed up to $300 million to Blackstone Real Estate Partners Europe V in 2016.
The council approved the aggregate commitment in proportional amounts for the five funds for which it manages the assets: the $10.5 billion South Dakota Retirement System, $508 million Education Enhancement Trust Fund, $295 million Dakota Cement Trust Fund, $260 million School & Public Lands Fund and $133 million Health Care Trust Fund. The minutes did not specify amounts to each fund.
