Blackstone Group (BX): Strategic Partners Closes Third Infrastructure Secondaries Fund At $3.75 Billion

By Amit Chowdhry ● Jul 21, 2020
  • Strategic Partners, the secondary and fund solutions business of Blackstone Group Inc (NYSE: BX), announced the final close on $3.75 billion for Strategic Partners Infrastructure III L.P.

Strategic Partners, the secondary and fund solutions business of Blackstone Group Inc (NYSE: BX), announced the final close on $3.75 billion for Strategic Partners Infrastructure III L.P. and its related committed program vehicles (known collectively as “SP Infrastructure III”). SP Infrastructure III is the world’s largest pool of capital dedicated to infrastructure secondaries.

And Strategic Partners is a market leader in private fund investing. Since 2000, Strategic Partners has raised $50 billion dedicated to private equity, infrastructure, and real estate secondary and fund investing.

Strategic Partners is recognized as an innovative and market-leading investor with broad transaction capabilities that reinforce its established reputation as a nimble and responsive investor. And Strategic Partners has executed over 1,450 transactions that represent interests in over 4,000 underlying fund vehicles managed by nearly 1,400 financial sponsors.

KEY QUOTES:

“We are deeply thankful for our investors’ continued support as they entrust us to provide attractive risk-adjusted returns for the millions of beneficiaries they represent. Over the past twenty years we have built one of the world’s largest private market secondary platforms, which strongly positions us to capitalize on opportunities across the secondary market.”

— Verdun Perry, Senior Managing Director and Global Head of Strategic Partners

“This latest dedicated pool of capital further enhances our market position. We are excited about the opportunities we are seeing and the advantages that our existing scale, footprint, and expertise provide.”

— Mark Bhupathi, Managing Director and Head of Strategic Partners Infrastructure