Blackstone’s secondary and fund solutions business Strategic Partners has completed a final close for its Strategic Partners Infrastructure III with $3.75 billion in capital commitments.
An equity fundraising target was not disclosed.
According to Blackstone, SP Infrastructure III is the world’s largest pool of capital dedicated to infrastructure secondaries.
“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,” said Verdun Perry, senior managing director and global head of Strategic Partners. “Over the past 20 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.”
