Blackstone Closes Record $24.9 Billion Private Equity Secondaries Fund Raise, Providing Liquidity to Investors & Private Equity Sponsors
21st January 2023 | Hong Kong
Blackstone, one of the world top private equity firm with $951 billion AUM (Assets under Management) has closed a $24.9 billion private equity secondaries fund raise, with the secondaries fund providing liquidity to investors & private equity sponsors. Blackstone Strategic Partners IX raised $22.2 billion and Blackstone Strategic Partners GP Solutions raised $2.7 billion. Blackstone Strategic Partners manages around $67 billion AUM (Assets under Management), in private equity, real estate, infrastructure and GP-led strategies (General Partners). Blackstone Strategic Partners purchase secondary interests in mature, high-quality private equity funds from investors seeking liquidity, and partner with 1,400+ managers to provide a range of GP-focused liquidity solutions, including GP-led secondaries and co-investments in traditional and impact-focused investments in mission-oriented businesses.
“ Blackstone Closes Record $24.9 Billion Private Equity Secondaries Fund Raise, Providing Liquidity to Investors & Private Equity Sponsors “
Blackstone Strategic Partners, $67 Billion AUM
Blackstone Strategic Partners
Private Equity – We purchase secondary interests in mature, high-quality private equity funds from investors seeking liquidity. We also partner with our 1,400+ managers to provide a range of GP-focused liquidity solutions, including GP-led secondaries and co-investments in traditional and impact-focused investments in mission-oriented businesses. By acquiring and supporting portfolios diversified across sectors, vintage year and geography, our consistent investment approach has yielded attractive risk-adjusted returns for more than two decades.
Infrastructure – We focus on acquiring secondary interests in mature infrastructure and real asset funds in addition to providing capital to tactical general-partner-led transactions and fund/asset recapitalizations. We target brownfield assets with core and core-plus risk profiles, while capitalizing on our favorable positioning in the high-growth infrastructure secondary market to create compelling risk/return asymmetry. We seek to unlock a range of opportunities across the following sectors: transport, regulated utilities, midstream, renewables, telecommunications and social infrastructure.
Real Estate – We seek significant capital appreciation through the acquisition of secondary interests in real estate funds and assets, focusing on high-quality portfolios in major commercial real estate markets and gateway cities, while capitalizing on the relatively fragmented competitive environment for real estate secondaries. We also opportunistically make secondary direct investments alongside proven sponsors, inject capital into select general-partner-led transactions, assess fund recapitalization opportunities and evaluate direct co-investments in real estate assets.
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