Blackstone’s secondary and fund solutions business, Strategic Partners, has reached a final close on its seventh real estate secondaries fund of $1.9bn (£1.5bn).
“This fundraise reflects the strong relationships we have built with our limited partners over the past two decades,” said Verdun Perry, senior managing director and global head of Strategic Partners.
Mark Burton, senior managing director and head of Strategic Partners Real Estate, added: “We have one of the market’s largest real estate portfolios, spanning interests in over 4,500 assets held by over 420 underlying real estate funds. Our ability to partner with both investors seeking liquidity and general partners and operators seeking strategic portfolio solutions will allow us to put capital to work in a wide range of real estate opportunities globally.”
Since 2009, Strategic Partners has raised $50bn for investing in private equity, infrastructure and real estate secondary and fund investing.
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