The Daily Californian
UC invests $4 billion in Blackstone real estate fund
The University of California invested $4 billion in the Blackstone Real Estate Income Trust, Inc., or BREIT, on Tuesday, planning for a long-term strategic investment. Satish Ananthaswamy, a professional faculty member and senior managing director of UC Investments, worked on the deal. “We initiated this transaction and look forward to working closely with the Blackstone portfolio companies to explore and build upon mutual opportunities, especially in student housing, staff and faculty housing, and affordable housing in California,” he said in a press release.