The California Public Employees' Retirement System injected $750 million into Blackstone Group LP's European core-plus real estate fund, IPE Real Assets reported, citing a report from a CalPERS board meeting.
Blackstone Property Partners Europe had raised $2.4 billion, and assets managed by Blackstone's core-plus real estate business totaled $27 billion as of the end of 2017, the publication noted, citing the private equity giant.
Both Blackstone and the pension fund declined to comment, according to the report.
