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Sign in Sign up for a FREE subscriptionBlackstone Strategic Partners closes eighth fund at $11.1b
Strategic Partners, Blackstone’s secondary and fund solutions business, announced the final close on more than $11 billion for Strategic Partners VIII and its related committed program vehicles (SP VIII).
Strategic Partners is one of the world’s largest global secondary platforms, providing investors the opportunity to monetize and manage their illiquid investment holdings.
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 more than 30 countries.
Jon Gray, president of Blackstone, said, “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.”
