Blackstone

Blackstone Real Estate Partners X

BlackstoneVINTAGE 2022

NET IRR

7.2%

TVPI

1.09x

DPI

0.12x

COMMITMENT

$200M

LP SOURCES

4

VALUATION SPREAD1.04x – 1.09x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$200M$91.1M7.2%1.09x0.12xSOURCE ↗
Illinois TRS2025-06-30SOURCE ↗
LACERA2025-03-31$300M$117.5M5.3%1.04x0.07xSOURCE ↗
Wisconsin SWIB2024-12-31SOURCE ↗