Blackstone’s Strategic Partners racks up $11.1 bln for eighth secondary fund


VCJ Venture Fundraising
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Strategic Partners, Blackstone’s secondary private equity platform, closed its eighth fund on more than $11.1 billion.

Strategic Partners VIII L.P.’s investors include pension funds, sovereign wealth funds, financial institutions, endowments, foundations, family offices and high-net worth individuals from over 30 countries.

In January 2017, Strategic Partners closed its seventh fund on $7.5 billion, generating an IRR since inception of 53.80 percent as of September 30, according to California State Teachers’ Retirement System.

Strategic Partners has raised over $43 billion since 2000, Blackstone said.