Sep
11
Blackstone Fund Closes at $1.3B
ByThe fund made its first sale in December 2014 and attracted a broad base of investors from around the world.
Mark Burton, Strategic Partners
New York—Blackstone has about a billion reasons to be pleased. The global investment firm’s dedicated secondary and private markets fund solutions platform, Strategic Partners Fund Solutions, has completed the final closing for Strategic Partners Real Estate Fund VI LP at the fund’s hard cap of $1.3 billion.
SP VI RE, which made its first sale in December 2014, attracted a broad base of investors from around the world, ranging from domestic public funds to foreign pension funds to family offices. Financial institutions, endowments and foundations were also among the entities that committed to the investment vehicle, which clearly has its appeal. SP VI RE targets high-quality real estate portfolio interests and co-investments for investors in need of liquidity…
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