CalSTRS cuts back investment in Blackstone fund

09/4/2008 | Wall Street Journal, The · Reuters

The California State Teachers' Retirement System plans to invest $250 million in Blackstone Group's newest private-equity fund. The investment is significantly less than the $1.7 billion it invested in Blackstone's prior fund. The shift illustrates problems private-equity firms have been facing in recent months.

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Wall Street Journal, The · Reuters

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