Blackstone Strategic Partners Closes Third Infrastructure Secondaries Fund at $3.75 Billion
20 Juli 2020 - 1:30PM
Business Wire
Strategic Partners, Blackstone’s (NYSE:BX) secondary and fund
solutions business, announced today the final close on $3.75
billion for Strategic Partners Infrastructure III L.P. and its
related committed program vehicles (collectively, “SP
Infrastructure III”). SP Infrastructure III is the world’s largest
pool of capital dedicated to infrastructure secondaries.
Verdun Perry, Senior Managing Director and Global Head of
Strategic Partners, said: “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.”
Mark Bhupathi, Managing Director and Head of Strategic Partners
Infrastructure, said: “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.”
About Strategic Partners
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. 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.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $538 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, growth equity,
opportunistic, non-investment grade credit, real assets and
secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
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