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Blackstone (NYSE:BX) introduced the general shut of its newest world secondaries method, Strategic Companions IX, and inaugural GP-led continuation fund method, Strategic Companions GP Answers (in conjunction with their comparable dedicated program cars, “SP IX” and “SP GPS” respectively). SP IX has overall commitments of $22.2 billion and SP GPS has overall commitments of $2.7 billion. SP IX is the arena’s biggest devoted secondaries fund raised to-date.
Blackstone Strategic Companions is inquisitive about offering a variety of liquidity answers to each buyers and personal fairness sponsors, together with unmarried passion and portfolio gross sales, GP-led secondaries, and co-investments. Within the just about 10 years since becoming a member of Blackstone, the trade has grown from lower than $10 billion to $67 billion of property below control throughout its personal fairness, actual property, infrastructure and GP-led methods.
Verdun Perry, World Head of Blackstone Strategic Companions, stated: “We’re extremely thankful to our buyers for his or her persevered strengthen. We stay dedicated to producing robust risk-adjusted returns for the thousands and thousands of beneficiaries that our buyers constitute. With considerable scale and our multi-strategy footprint, we consider we’re well-positioned to capitalize at the huge, and rising, alternatives around the secondary marketplace.”
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