Insight

Blackstone racks up $5.2bn for fourth Tac Opps fund

Including other single-investor vehicles pursuing the same strategy, the combined Blackstone Tactical Opportunities Fund IV platform is expected to have nearly $10 billion of new capital. 

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  • Blackstone launched its Tac Opps platform in 2012 
  • Currently, Tac Opps has $34 billion of assets under management
  • BTO IV has already made several investments, which include New Tradition, an out-of-home media business

Blackstone has closed its fourth flagship commingled fund at $5.2 billion.

Including other single-investor vehicles pursuing the same strategy, the combined Blackstone Tactical Opportunities Fund IV platform is currently expected to have nearly $10 billion of new capital.

Blackstone launched its Tac Opps platform in 2012 to invest across the landscape of private investment opportunities outside of traditional private equity and private credit. Currently, Tac Opps has $34 billion of assets under management.

On the fundraising, Christopher James, chief operating officer of Tactical Opportunities, said in a statement, “We created the Tactical Opportunities platform more than a decade ago to shine in periods of dislocation like we’ve seen recently. We believe our scale, flexible capital, and thematic investing focus positions us well to capitalize on the compelling opportunity set ahead.”

BTO IV has already made several investments, which include New Tradition, an out-of-home media business that operates some of the most iconic advertising assets such as One Times Square in New York City.

Currently, Blackstone has $1 trillion in assets under management.