31.10.2008 - Texas Teachers commits €200m to Europe
From IPE: Teacher Retirement System of Texas has approved a €200m commitment to the Blackstone Real Estate Partners Europe III commingled fund. It is understood officials believe Blackstone has a proven track record of investing capital in Europe, given the company had a presence in this market since 2001 and the real estate manager’s prior funds are on target to provide an investor-level aggregate IRR of 43.6% against an equity multiple of over 2x..... Full Article: Source