New York-based Blackstone, also present in Luxembourg as a CSSF-regulated AIFM, has raised a record 22.2 billion dollars in commitments for its Strategic Partners IX fund, one of two such vehicles in its inaugural continuation fund strategy under the Strategic Partners GP Solutions label.
The amount raised through SP IX makes it the world’s largest dedicated secondaries fund raised to-date, Blackstone said. The general partner (GP)-led strategy raised another 2.7 billion dollars for SP GPS, a second fund.
“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,” said Verdun Perry, Global Head of Blackstone Strategic Partners, in a statement. “With substantial scale and our multi-strategy footprint, we believe we are well-positioned to capitalise on the vast, and growing, opportunities across the secondary market.”
Illiquid investment specialist
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.
Blackstone Strategic Partners is a specialised in illiquid fund investing including secondaries, co-investments and primary advisory. Founded in 2000, Blackstone has 67 billion dollars of investor capital under management 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.
In Luxembourg, Blackstone is present through Blackstone Europe Fund Management S.à r.l., licensed as an Alternative Investment Fund Manager by the CSSF. Blackstone 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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