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Blackstone looks to raise €8B for latest European opportunistic property fund

The Teachers' Retirement System of Louisiana is investing $75 million in private equity giant Blackstone Group LP's latest European opportunistic real estate fund, which is looking to raise €8 billion, IPE Real Assets reported, citing a board meeting report by investment consultant Hamilton Lane.

If Blackstone Real Estate Partners Europe VI hits its fundraising target, it would outsize its predecessor fund, which attracted €7.8 billion in 2017, the news outlet added, citing the report.

The pension fund will also invest $50 million in Rockpoint's Rockpoint Real Estate Fund VI, which will focus on investing in U.S. offices, apartments and hotels.

IPE Real Assets could not obtain a comment from Blackstone for the fundraising plans.