Assets Under Management
Limited Partnership Interests Acquired
WHAT WE DO
We acquire interests in funds across asset classes, offering liquidity to investors, and co-invest alongside managers globally.
Sellers and general partners view us as a trustworthy and well-respected counterparty that is able to transact on a fair, timely and confidential basis. We believe our reputation and ability to execute quickly are powerful competitive advantages.
We have executed many types of transactions, from single-fund transfers to complex portfolio solutions and direct investments. We clearly define the objectives for each investment and pursue it only if it makes sense for everyone involved.
Detailed, bottom-up analysis is mission-critical to our success. As one of the most active participants in the secondary market, we are able to utilize our extensive global network and deep industry knowledge to conduct thorough due diligence on each opportunity.
Note: All figures as of December 31, 2023, unless otherwise indicated.
*As of December 31, 2023. Past performance is not necessarily indicative of future results, and there can be no assurance that such returns will be achieved, that a fund will achieve comparable results or be able to implement its investment strategy or achieve its investment objectives or avoid substantial losses. Transaction count represents unique total across the SP platform.
Updates from Strategic Partners
Blackstone Strategic Partners Closes World’s Largest Secondaries Fund
Blackstone Strategic Partners closed the world’s largest secondaries fund as of January 18, 2023, with $22.2 billion in committed capital. This milestone is a testament to the remarkable growth Strategic Partners has undergone, expanding from less than $10 billion in AUM at inception to $67 billion today.
The Secondaries Investor 50 – fundraisers belie difficult 2023
Blackstone Strategic Partners’ Fund IX, which closed on $22.2 billion in January, was the largest secondaries fund ever raised at the time. When combined with the $2.7 billion the firm has raised for its Strategic Partners GP Solutions vehicle, this secondaries juggernaut has helped the firm maintain its status as the number one secondaries manager by capital raised in this year’s Secondaries Investor 50 ranking.
SPOTLIGHT: A PEI PODCAST
Strategic Partners’ Perry on State of the Market and More
Verdun Perry joins Secondaries Investor’s podcast to reflect on the growth of Blackstone’s Strategic Partners business, the state of the secondaries market today, and some of the key moments across Perry’s career.
“We’re proud of our reputation as innovative, nimble and responsive investors who enable our partners to find liquidity in traditionally illiquid asset classes.”VERDUN PERRY
GLOBAL HEAD OF STRATEGIC PARTNERS