The South Dakota Investment Council has made a commitment of up to $300 million to opportunistic real estate fund, Blackstone Real Estate Partners X.
Meeting minutes from the June 2 board meeting disclose that the investment will be adjusted in proportionate amounts for the South Dakota Retirement System, the School and Public Lands Fund, the Dakota Cement Trust, the Education Enhancement Trust, and the Health Care Trust.
As of June 30, 2021, the $18 billion Investment Council targets a 10% allocation to real estate.
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