Blackstone Acquires $5.5 Billion in Fund Stakes from NY State Retirement Fund

Published 1 days agoBX

Blackstone Acquires $5.5 Billion in Fund Stakes from NY State Retirement Fund

Despite recent rumors, there is no confirmed transaction involving Blackstone purchasing $5 billion in private equity holdings from the New York City pension system. Instead, Blackstone has made a significant move by acquiring approximately $5.5 billion in fund stakes from the New York State Common Retirement Fund, as reported by Dakota.

Historically, Blackstone has engaged in major dealings with public pension funds. For instance, in 2015, Blackstone's Strategic Partners Fund Solutions made headlines by acquiring about $3 billion of global real estate fund interests from the California Public Employees' Retirement System (CalPERS). This transaction was the largest secondary deal in the industry at that time, according to Blackstone's own announcements.

In the context of ongoing partnerships, the New York State Common Retirement Fund committed $4.6 billion to alternative investments, including those managed by Blackstone back in November 2024, as noted by Pensions & Investments. Such collaborations highlight Blackstone's continued influence and activity within the realm of public pension fund investments.

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