Blackstone raises $478m for Strategic Partners fund
The Blackstone Group has raised $478.1 million for its Strategic Partners Real Estate Fund VI, according to a filing with the SEC.
The fund invests in a mixture of closed-end funds, club funds and joint ventures in the United States. The fund is seeking to raise $750 million.
Blackstone acquired Strategic Partners from Credit Suisse in 2013. Fund V followed a similar strategy to Fund VI, but invested globally.
Recently, Blackstone raised $3.8 billion for Blackstone Real Estate Partners Europe V. And the firm raised $2.05 billion for its Blac