Blackstone’s Strategic Partners has closed its third infrastructure fund at $3.75 billion. Since 2000, Strategic Partners, Blackstone’s secondary and fund solutions business, has raised $50 billion, according to the firm.
NEW YORK–(BUSINESS WIRE)–Strategic Partners, Blackstone’s (NYSE:BX) secondary and fund solutions business, announced today the final close on $3.75 billion for Strategic Partners Infrastructure III L.P. and its related committed program vehicles (collectively, “SP Infrastructure III”). SP Infrastructure III is the world’s largest pool of capital dedicated to infrastructure secondaries.
Verdun Perry, Senior Managing Director and Global Head of Strategic Partners, said: “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. Over the past twenty 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.”
Mark Bhupathi, Managing Director and Head of Strategic Partners Infrastructure, said: “This latest dedicated pool of capital further enhances our market position. We are excited about the opportunities we are seeing and the advantages that our existing scale, footprint and expertise provide.”
About Strategic Partners
Strategic Partners is a market leader in private fund investing. Since 2000, Strategic Partners has raised $50 billion dedicated to private equity, infrastructure and real estate secondary and fund investing. Strategic Partners is recognized as an innovative and market-leading investor, with broad transaction capabilities that reinforce its established reputation as a nimble and responsive investor. Strategic Partners has executed over 1,450 transactions that represent interests in over 4,000 underlying fund vehicles managed by nearly 1,400 financial sponsors.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $538 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.