Blackstone has closed on its acquisition of Strategic Partners from Credit Suisse.
Strategic Partners is a secondary private fund of funds business, with USD10bn in assets under management.
Strategic Partners seeks capital appreciation through the purchase of secondary interests in private equity, real estate and venture capital funds from investors seeking liquidity on a fair, timely and confidential basis. From its start in 2000, it has raised over USD11bn of capital commitments, completed over 700 transactions, and acquired over 1,500 underlying limited partnership interests.
Strategic Partners’ team of 29 secondary investment professionals is headed by Stephen Can and Verdun Perry.
