Blackstone Strategic Partners Infrastructure IV and its related committed program vehicles have completed a final close at $5.5 billion, representing the world’s largest dedicated infrastructure secondaries fund raised to date.
The Teachers’ Retirement System of the State of Illinois, the San Francisco Employees' Retirement System and the Arkansas Teacher Retirement System were among the fund’s investors.
According to a transcript of the firm’s second quarter 2025 earnings call, Blackstone’s $91 billion secondaries business has doubled in the past five years.
“The substantial scale we’ve built over two decades positions us well to capitalize on the growing opportunity set across the infrastructure secondary market,â
