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Zero-Registration Public Source Trail · CAFR / Board Packet ← Back to Michigan SMRS Profile

Michigan SMRS → Blackstone Real Estate Partners X, LP

Field-by-field provenance and archived filing evidence for one of the 5 open public preview records on Michigan SMRS’s profile — accessible without registration.

Institutional Allocator
Michigan SMRS
Public Pension Plan · Hub: Michigan
Recorded Commitment Amount
$85.2M
Historical commitment · As of December 2025
$85,193,262 USD (raw: 85193262.0)
Strategy & Vintage
Real Estate
2025 Vintage
Cited Archive Anchor
Michigan_SMRS/December-2025-SMIB-Report.pdf#page=50
PDF p.50/97 · Printed p.4
Commitment Substantiated · Multiples Not Disclosed on Schedule

Field-Level Provenance & Substantiation Breakdown

Each claim is evaluated independently against the cited table’s headers and units. Different fields on a single record may originate from distinct schedules.

Entity Type: Legal Fund Vehicle · As-of 2025-12-31
Record Field Recorded Value Value Type Substantiation Status Field-Specific Source Citation & Audit Note
Fund / Legal Vehicle Blackstone Real Estate Partners X, LP Reported Table-Substantiated
Michigan_SMRS/December-2025-SMIB-Report.pdf (PDF Page 50 of 97 · Printed Page 4)
Matched on cited page in 'Market Value'. Row excerpt: "Blackstone Real Estate Partners X, LP 85,193,262 129,340,719"
Disclosed Commitment Amount $85.2M (raw: 85193262.0) Reported Table-Substantiated
Michigan_SMRS/December-2025-SMIB-Report.pdf (PDF Page 50 of 97 · Printed Page 4)
Substantiated on cited commitment schedule (exact_or_unspecified, USD).
Fund Vintage Year 2025 Reported Not Yet Page-Verified
Michigan_SMRS/December-2025-SMIB-Report.pdf (PDF Page 50 of 97 · Printed Page 4)
Retained from allocator disclosure / fund vintage registry without substituting filing year.
Net IRR 10.8% Reported Not Yet Page-Verified
Michigan_SMRS/December-2025-SMIB-Report.pdf (PDF Page 50 of 97 · Printed Page 4)
Reported in allocator performance dataset (as of 2025-12-31); page-level column header not locally archived.
TVPI / Net Multiple 1.17x Reported Not Yet Page-Verified
Michigan_SMRS/December-2025-SMIB-Report.pdf (PDF Page 50 of 97 · Printed Page 4)
Reported in allocator performance dataset (as of 2025-12-31); page-level column header not locally archived.
DPI (Realized Multiple) 0.05x Reported Not Yet Page-Verified
Michigan_SMRS/December-2025-SMIB-Report.pdf (PDF Page 50 of 97 · Printed Page 4)
Reported in allocator performance dataset (as of 2025-12-31); page-level column header not locally archived.

Archived Filing Excerpt — PDF Page 50 of 97 (Printed Page 4)

Table Class: Commitments Only

Archived file December-2025-SMIB-Report.pdf · Detected Table Title: Market Value · Table Units: exact_or_unspecified (USD). Full horizontal row highlighting retains surrounding headers, units, and footnotes.

Download Single-Page PDF
Detected Table Columns: Unfunded CommitmentFair Value / NAV
Matched Horizontal Row Text: Blackstone Real Estate Partners X, LP 85,193,262 129,340,719
Archived File Integrity Checksum (SHA-256): f19c3b09603b0b52…628187933bc2 — SHA-256 is a file-byte integrity check confirming the archived file has not changed since retrieval. It does NOT prove factual or extraction accuracy.
Archived filing excerpt from December-2025-SMIB-Report.pdf, PDF viewer page 50 (printed page 4), highlighting row for Blackstone Real Estate Partners X, LP

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