Blackstone’s Strategic Partners Closes Eighth Fund at $11B

Strategic Partners, Blackstone’s secondary and fund solutions platform, has announced the final close on more than $11 billion for its eighth fund. Since 2000, Strategic Partners has raised in excess of $43 billion dedicated to private equity, infrastructure and real estate secondary and fund investing.

Similar to past funds, the investor base is comprised of pension funds, sovereign wealth funds, financial institutions, endowments, foundations, family offices and high net worth individuals from over 30 countries.

“Strategic Partners continues to deliver outstanding results for investors in the secondary market,” said Jon Gray, president of Blackstone (pictured). “That consistent performance and the strength of our global franchise have led to this terrific capital raise.”

“We are grateful to our new and existing investors for the support they have shown us,” said Verdun Perry, global head of Strategic Partners. “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.”

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