July 21, 2020
Strategic Partners, Blackstone’s secondary and fund solutions business, reached the final close on $3.75 billion for Strategic Partners Infrastructure III L.P. and its related committed program vehicles. SP Infrastructure III reportedly is the world’s largest pool of capital dedicated to infrastructure secondaries.
Verdun Perry, senior managing director and global head of Strategic Partners, said: “We are deeply thankful for our investors’ continued support as they entrust us to provide attractive risk-adjusted returns for the millions of beneficiaries they represent. Over the past 20 years, we have built one of the world’s largest private market secondary platforms, which strongly positions us to capitalize on opportunities across the secondary market.”
Mark Bhupathi, managing director and head of Strategic Partners Infrastructure, added, “This latest dedicated pool of capital further enhances our market position. We are excited about the opportunities we are seeing and the advantages that our existing scale, footprint and expertise provide.”
Pictured: Blackstone headquarters at 345 Park Ave. in Midtown Manhattan.
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