Blackstone‘s secondaries platform, Strategic Partners Fund Solutions, has closed its seventh private equity fund at a hard cap of $7.5 billion.
The limited partners of Strategic Partners Fund VII LP include pension funds, sovereign wealth funds, financial institutions, endowments, foundations and family offices from about 25 countries.
Davis Polk & Wardwell LLP advised Strategic Partners on the fundraising.
In October 2014, Strategic Partners closed its sixth secondary fund at a hard cap of $4.4 billion. No data was available on the fund’s performance.
Since its launch in 2000, Strategic Partners has raised over $27 billion for private equity and real asset funds.
Photo: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange, April 4, 2016. Reuters/Brendan McDermid
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