Blackstone Strategic Partners Closes Record Private Equity Secondary Funds at $25 Billion
Posted on 01/19/2023
Blackstone (NYSE:BX) disclosed the final close of its latest global secondaries strategy, Strategic Partners IX (SP IX), and inaugural general partner-led continuation fund strategy, Strategic Partners GP Solutions (SP GPS). SP IX has total commitments of US$ 22.2 billion and SP GPS has total commitments of US$ 2.7 billion.
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, general partner-led secondaries, and co-investments. In the nearly 10 years since joining Blackstone, the business has grown from less than US$ 10 billion to US$ 67 billion of assets under management across its private equity, real estate, infrastructure and GP-led strategies.
Keywords: Blackstone Group LP.
