Blackstone Strategic Partners closes eighth fund at $11.1bn

Blackstone Strategic Partners closes eighth fund at $11.1 billion

Strategic Partners, Blackstone’s secondary and fund solutions business, has announced the final close on over $11 billion for Strategic Partners VIII L.P. fund and its related committed program vehicles. 

Since 2000, Blackstone Strategic Partners has raised over $43 billion dedicated to private equity, infrastructure and real estate secondary and fund investing.

Similar to past funds, SP VIII’s diversified investor base comprises pension funds, sovereign wealth funds, financial institutions, endowments, foundations, family offices and high net worth individuals from over 30 countries.

Strategic Partners has executed over 1,300 transactions that represent interests in approximately 3,600 underlying fund vehicles managed by nearly 1,300 financial sponsors.

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“Blackstone 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 Jon Gray, President of Blackstone.

“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,” said Verdun Perry, Senior Managing Director and Global Head of Strategic Partners.