Blackstone’s secondary and fund solutions business has secured a $100m (€96.4m) capital commitment from Arkansas Teacher Retirement System for its latest infrastructure fund.
Arkansas Teacher Retirement disclosed in a board meeting document that it had placed the capital into the Blackstone Strategic Partners Infrastructure IV, a fund seeking to raise $4bn.
Blackstone declined a request for comment, but an SEC filing from early January 2025 shows the fund had raised $2.4bn.
According to the pension fund Blackstone is nearing a final close for the fund, which is expected in the first quarter of this year.
Strategic Partners Infrastructure IV, a global core and core-plus infrastructure secondaries fund, expects to generate a mid-teens internal rate of return.
Arkansas Teacher Retirement’s infrastructure commitment to the Blackstone fund is the pension fund’s first for 2025, part of a planned $350m allocation to the sector this year.
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