Blackstone has reached a $2.6bn (£2bn) final close for its latest real estate secondaries fund, Strategic Partners Real Estate VIII LP.
Verdun Perry, global had of Blackstone Strategic Partners, said: “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 capitalise 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 more than 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.”
To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews
