Blackstone today announced the completion of its latest global secondaries strategy, Strategic Partners IX, and its debut GP-led continuation fund strategy, Strategic Partners GP Solutions (together with its respective committed program vehicles, “SP IX” and “SP GPS”). SP IX has $22.2 billion in total obligations, whereas SP GPS has $2.7 billion in total commitments. SP IX is the world’s largest dedicated secondaries fund, having raised the most money to date.
Blackstone Strategic Partners focuses on delivering a variety of liquidity solutions to investors and private equity sponsors, such as single interest and portfolio sales, GP-led secondary offerings, and co-investments. In the roughly ten years since joining Blackstone, the company has expanded from less than $10 billion to $67 billion in assets under management across its private equity, real estate, and infrastructure businesses.
Blackstone Strategic Partners is a global leader in illiquid fund investing including secondaries, co-investments and primary advisory. Founded in 2000, Blackstone Strategic Partners has $67 billion of investor capital under management (as of September 30, 2022) 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.
Blackstone Strategic Partners 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.