Blackstone has held the final close of Blackstone Strategic Capital Holdings II (BSCH II), the second Blackstone fund in GP Stakes, with USD5.6 billion of investor capital.
Blackstone GP Stakes specialises in value-added, long-term, minority investments in the management companies of leading private equity firms. This year the team has made investments in Great Hill Partners, GTCR and Sentinel Capital Partners.
Mustafa M Siddiqui, Head of Blackstone GP Stakes, says: “We are thrilled with the positive response we received from a diverse group of limited partners. This is a strong recognition of Blackstone’s unique value proposition in the GP Stakes market and the rigorous approach our team brings to identifying and investing behind great firms.”
Mike Nash, Chairman of Blackstone GP Stakes, says: “We have strong momentum in the GP Stakes market as we seek to invest with the most successful GPs across the private-market landscape. As long-term investors, we make it a priority to deliver Blackstone’s substantial resources and know-how to help them build enduring franchises.”
Blackstone GP Stakes offers substantial advantages to the firms in which it invests. These include cost savings at the portfolio company level by leveraging the buying power of the more than USD150 billion revenue base across Blackstone’s global procurement platform. Blackstone also makes available a range of other business-building resources and services it provides internally and to its portfolio companies, spanning new product development, business strategy, ESG, cybersecurity, back-office operations, and other functional areas.
