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Blackstone’s BREIT scores $4bn boost from University of California
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The University of California is putting $4bn into a Blackstone real estate vehicle aimed at individual investors, providing crucial ballast for a fund that has been beset by a wave of redemptions.
The investment will come in the form of common equity in Blackstone Real Estate Income Trust, known as BREIT, and will be subject to the same fees and terms the vehicle’s other shareholders get, Blackstone executives said.
The...
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