Ohio SERS commits $125m to Blackstone and TA Realty funds
The $50m TA Realty sleeve is an open-end core-plus U.S. multifamily fund; the $75m Blackstone sleeve is a closed-end, value-added secondaries pool with no stated fundraising target.
At a glance
The School Employees Retirement System of Ohio committed $125 million across two real estate funds, IREI reported on October 22.
Blackstone Strategic Partners Real Estate IX is a closed-end, value-added secondaries fund buying U.S. real estate.
As of March 31, SERS reported $23.4 billion in total assets and $2.2 billion in real estate, against a 7 percent real estate target.
The School Employees Retirement System of Ohio committed $125 million across two real estate funds, IREI reported on October 22. The split is $75 million to Blackstone Strategic Partners Real Estate IX and $50 million to the TA Realty Residential Real Estate Fund.
Blackstone Strategic Partners Real Estate IX is a closed-end, value-added secondaries fund buying U.S. real estate. IREI reports no fundraising target has been set for Fund IX; the predecessor, Blackstone Strategic Partners VIII, closed with $2.6 billion of equity in 2023. The TA Realty fund is open-end and core-plus, targeting U.S. multifamily. The Illinois Municipal Retirement Fund committed $50 million to the same TA Realty fund in 2025, according to the report.
As of March 31, SERS reported $23.4 billion in total assets and $2.2 billion in real estate, against a 7 percent real estate target. On those figures, real estate was running at roughly 9.4 percent of the total.
| Vehicle | Strategy | Commitment |
|---|---|---|
| TA Realty Residential Real Estate Fund | Open-end, core-plus U.S. multifamily | $50 million |
| Blackstone Strategic Partners Real Estate IX | Closed-end, value-added U.S. real estate secondaries | $75 million |
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AllocatorsJ.P. Morgan Asset Management forecasts 8.1% annualized U.S. core real estate returns
AllocatorsInstitutional real estate commitments rise 75% over three fiscal years, IREI says
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