Insight

Blackstone Strategic Partners racks up $25bn for PE secondary funds

Strategic Partners IX has raised $22.2 billion while Strategic Partners GP Solutions closed at $2.7 billion.

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  • Blackstone Strategic Partners investment strategy includes secondaries, co-investments and primary advisory
  • Blackstone Strategic Partners has $67 billion of investor capital under management, as of September 30, 2022
  • Blackstone Strategic Partners has closed over 1,900 transactions across its private equity, infrastructure, and real estate platforms

Blackstone Strategic Partners has raised a total of $25 billion for two private equity secondary funds. Strategic Partners IX has raised $22.2 billion while Strategic Partners GP Solutions closed at $2.7 billion.

On the funds, Verdun Perry, global head of Blackstone Strategic Partners, said in a statement, “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.”

Blackstone Strategic Partners investment strategy includes 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. Blackstone Strategic Partners has closed over 1,900 transactions across its private equity, infrastructure, and real estate platforms.