Blackstone Strategic Partners Closes Record Private Equity Secondary Funds at $25 Billion
January 18 2023 - 2:30PM
Business Wire
Blackstone (NYSE:BX) today announced the final close of its
latest global secondaries strategy, Strategic Partners IX, and
inaugural GP-led continuation fund strategy, Strategic Partners GP
Solutions (together with their related committed program vehicles,
“SP IX” and “SP GPS” respectively). SP IX has total commitments of
$22.2 billion and SP GPS has total commitments of $2.7 billion. SP
IX is the world’s largest dedicated secondaries fund raised
to-date.
Blackstone Strategic Partners is focused on providing a range of
liquidity solutions to both investors and private equity sponsors,
including single interest and portfolio sales, GP-led secondaries,
and co-investments. In the nearly 10 years since joining
Blackstone, the business has grown from less than $10 billion to
$67 billion of assets under management across its private equity,
real estate, infrastructure and GP-led strategies.
Verdun Perry, Global Head of Blackstone Strategic Partners,
said: “We are incredibly grateful to our investors for their
continued support. We remain committed to generating strong
risk-adjusted returns for the millions of beneficiaries that our
investors represent. With substantial scale and our multi-strategy
footprint, we believe we are well-positioned to capitalize on the
vast, and growing, opportunities across the secondary market.”
About Blackstone Strategic Partners
Blackstone Strategic Partners is a global leader in illiquid
fund investing including secondaries, co-investments and primary
advisory. Founded in 2000, Blackstone Strategic Partners has $67
billion of investor capital under management (as of September 30,
2022) and is one of the most prolific secondary market participants
in the world, having closed over 1,900 transactions across its
private equity, infrastructure, and real estate platforms,
representing more than 5,100 underlying fund interests managed by
over 1,550 managers. Blackstone Strategic Partners provides a range
of solutions across illiquid asset classes for investors and
financial sponsors, including LP liquidity solutions and GP-focused
solutions such as GP-led secondaries and co-investments.
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Kate Holderness kate.holderness@blackstone.com 646-482-8774
Blackstone (NYSE:BX)
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