Strategic Partners Closes Sixth Fund at $4.4B

NEW YORK CITY—The secondary fund, which will invest in real estate and other sectors, is the first to be raised since Blackstone acquired the platform from Credit Suisse in 2013.

By Paul Bubny | Updated on October 03, 2014

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.

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