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Blackstone Strategic Partners Closes Eighth Fund at $11.1B

July 18, 2019, 08:00 AM
Filed Under: Industry News

Strategic Partners, Blackstone’s (BX) secondary and fund solutions business, announced today the final close on over $11 billion for Strategic Partners VIII L.P. and its related committed program vehicles (collectively, “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 over 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.”

Verdun Perry, Senior Managing Director and Global Head of Strategic Partners, said: “We are grateful to our new and existing investors for the support they have shown us. We are proud of the platform we have created and, coupled with our deep transaction experience and industry leading private equity portfolio, are well positioned to continue to build off this solid success.”

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