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Strategic Partners closes second infrastructure secondaries fund at USD1.75bn

Strategic Partners Fund Solutions (Strategic Partners), Blackstone’s (NYSE:BX) dedicated secondary and fund solutions business, has held the final closing at the hard cap of USD1.75 billion for Strategic Partners Real Assets II (S PRA II), its second global infrastructure-focused secondary fund.

SP RA II’s global investor base is comprised of sovereign wealth funds, pension funds, financial institutions, endowments, foundations and family offices. SP RA II began investing in May 2017 and has already closed or partially closed 14 transactions.
Stephen Can, Senior Manager Director and Co-Head of Strategic Partners, says: “We are deeply thankful for our investors’ continued support and are working diligently to produce attractive risk-adjusted returns for them.”
Verdun Perry, Senior Managing Director and Co-Head of Strategic Partners, says: “We have one of the widest footprints in all of private equity. With our experience and global reach, we believe Strategic Partners is well-positioned to capitalise on the dramatic increase in secondary infrastructure opportunities.”
Mark Bhupathi, Principal and Head of Real Assets, says: “This new, dedicated pool of capital is critical to unlocking new opportunities across the secondary market as infrastructure and real assets become a larger and more important part of investor portfolios. As one of the first movers in this space, we are seeing a multitude of attractive opportunities to provide our limited partners with exposure to this asset class.”

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