The commitment is the largest known contribution from a US pension fund. : New York State Common Retirement Fund (NYSCRF) has committed $500m (€440m) to Blackstone’s latest global real estate mega-fund, the largest known single contribution a US pension plan. Blackstone is seeking to raise its biggest-ever global opportunity fund and is expected to raise $20bn for Blackstone Real Estate Partners IX. NYSCRF told IPE Real Assets that the size of the fund would enable it “to pursue strategies that other funds cannot”, and the fund commitment would give NYSCRF “access to transactions it would never have access to directly”.