NYSTRS Commits $300M To CVC, Blackstone Asian Funds


New York State Teachers’ Retirement System (NYSTRS) has committed US$100 million to CVC Capital Partners Asia Pacific IV L.P., which is targeting to raise US$3 billion, according to media reports.

The U.S. pension fund has also allocated US$200 million to Blackstone Real Estate Partners Asia, the maiden Asian real estate fund of the Blackstone Group.

Founded in 1981, CVC has raised over US$67 billion in private equity and credit funds in Europe and the Asia Pacific.

New York-based Blackstone currently manages US$66 billion, of which 7% or US$4.62 billion is in Asia.

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