- Blackstone’s secondary and fund solutions business called Strategic Partners has closed $11 billion for the Strategic Partners VIII L.P.
Blackstone’s secondary and fund solutions business called Strategic Partners recently announced it closed $11 billion for the Strategic Partners VIII L.P. and its related committed program vehicles (collectively known as SP VIII).
Strategic Partners is known as one of the world’s largest global secondary platforms as it provides investors the opportunity to monetize and manage their illiquid investment holdings.
“Strategic Partners continues to deliver outstanding results for investors in the secondary market. That consistent performance and the strength of our global franchise have led to this terrific capital raise,” said Blackstone president Jon Gray.
And similar to past funds, SP VIII’s diversified investor base includes pension funds, sovereign wealth funds, financial institutions, endowments, foundations, family offices and high net worth individuals from over 30 countries.
“We are grateful to our new and existing investors for the support they have shown us. We are proud of the platform we have created and, coupled with our deep transaction experience and industry-leading private equity portfolio, are well-positioned to continue to build off this solid success,” added Strategic Partners senior managing director and global head of Strategic Partners Verdun Perry.
Since 2000, Strategic Partners raised over $43 billion dedicated to private equity, infrastructure, and real estate secondary and fund investing. And Strategic Partners executed over 1,300 transactions that represent interests in approximately 3,600 underlying fund vehicles managed by nearly 1,300 financial sponsors.
As a whole, Blackstone has $512 billion in assets under management, including investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets, and secondary funds.
