Blackstone Strategic Partners Closes Eighth Real Estate Secondaries Fund at $2.6 Billion
30 Novembro 2023 - 10:30AM
Business Wire
Blackstone (NYSE:BX) announced the final close on $2.6 billion
for its latest real estate secondaries fund, Strategic Partners
Real Estate VIII L.P., and its related committed program
vehicles.
Verdun Perry, Global Head of Strategic Partners, said: “We are
incredibly grateful to our investors for their continued support.
We remain committed to generating strong risk-adjusted returns for
the millions of beneficiaries that our investors represent. With
our substantial scale and private market footprint, we believe we
are well-positioned to capitalize on the substantial, and growing,
opportunities in the real estate secondaries market.”
Mark Burton, Senior Managing Director and Head of Real Estate
Secondaries said: “We have one of the market’s largest real estate
portfolios, spanning interests in over 540 underlying real estate
funds managed by over 220 GPs. With the growing need for liquidity
among GPs and LPs, we are excited about the real estate secondaries
market opportunity ahead of us.”
About Blackstone
Blackstone is the world’s largest alternative asset manager. We
seek to create positive economic impact and long-term value for our
investors. We do this by relying on extraordinary people and
flexible capital to help strengthen the companies we invest in. Our
over $1 trillion in assets under management include investment
vehicles focused on private equity, real estate, public debt and
equity, infrastructure, life sciences, 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 LinkedIn, X
(Twitter), and Instagram.
About Strategic Partners
Blackstone Strategic Partners is a global leader in illiquid
fund investing including secondaries, co-investments and primary
advisory. Founded in 2000, Blackstone Strategic Partners has $68
billion of investor capital under management (as of September 30,
2023) and is one of the most prolific secondary market participants
in the world, having closed over 2,000 transactions across its
private equity, infrastructure, and real estate platforms,
representing more than 5,400 underlying fund interests managed by
over 1,600 managers. Blackstone Strategic Partners provides a range
of solutions across illiquid asset classes for investors and
financial sponsors, including LP liquidity solutions and GP-focused
solutions such as GP-led secondaries and co-investments.
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Kate Holderness Kate.holderness@blackstone.com 646-482-8774
Blackstone (NYSE:BX)
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