NEW YORK CITY—Strategic Partners Fund Solutions, Blackstone's dedicated secondary private fund of funds platform, has closed out Strategic Partners Fund VI LP at $4.4 billion. The sixth in a series of secondary funds, SP VI is also the first to be raised since Blackstone's August 2013 acquisition of the platform from Credit Suisse.

SPVI held its first close this past December at $700 million and began investing this past April, focused on acquiring portfolios of private equity interests and co-investments, in the real estate sector and elsewhere. Its predecessor fund, which closed in 2011, focused solely on real estate. This past summer, Blackstone brought in Mark Burton, most recently at H2 Capital Partners, to lead Strategic's real estate secondaries practice.

The latest fund drew upon commitments from nearly 300 investors, including public, corporate and foreign pension funds; financial institutions; sovereign wealth funds; endowments; foundations; and family offices. High net worth individuals also participated via private banking vehicles. Strategic Partners' investor base is composed of limited partners on four continents.

“We could not be more pleased with the reception we received from investors globally in raising SP VI,” says Stephen Can, co-head of Strategic Partners with Verdun Perry. He says the support from Strategic's limited partners “has allowed us to conclude fundraising substantially ahead of schedule and focus on investing SP VI. “ Strategic Partners was advised and supported in the raising of SP VI by the private funds team at Davis Polk & Wardwell LLP.