SP
LP profile
Strategic Partners Fund Solutions
Fund of fund · Founded 2000 · New York City, United States
23
VC firms backed
$69B
AUM
01 · Background
Who Strategic Partners Fund Solutions is.
- Historical Background
- Strategic Partners was founded in 2000 and is now Blackstone's secondary and fund solutions business. The firm was acquired by Blackstone in 2013 from Credit Suisse.
- Major Events
- In January 2023, the firm closed its ninth secondaries fund, Strategic Partners Fund IX, at $22.2 billion, which was the largest secondaries fund ever raised at that time. Concurrently with Fund IX, Strategic Partners also raised $2.7 billion for its Strategic Partners GP Solutions vehicle.
- Allocation Strategy
- The firm's primary focus is on the secondary private equity market, where it purchases existing interests in private equity, real estate, and venture capital funds. Strategic Partners provides liquidity solutions for limited partners (LPs) and also engages in general partner (GP)-focused transactions, such as GP-led secondaries and co-investments. The firm's stated goal is to seek capital appreciation by acquiring interests from investors who are looking to manage their illiquid holdings.
02 · Fund commitments
The funds Strategic Partners Fund Solutions backs.
Strategic Partners Fund Solutions is a limited partner in 23 funds. 4 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Partech
#72 Power Law
Warburg Pincus
#233 Power Law
Amadeus Capital Partners
#466 Power Law
DN Capital
#481 Power Law
3i Group
Abingworth
Advent Venture Partners
Blue Chip Venture Company
Doughty Hanson Technology Ventures
EQT Group
Harbert Management Corporation - HMC
HarbourVest Partners
HealthCare Ventures
HIG Capital
J.H. Whitney & Co
L Catterton
Mason Wells
OmniCapital Group
Pacific Corporate Group
Scottish Equity Partners
The Cypress Group
TVG Capital Partners
03 · Allocation
How Strategic Partners Fund Solutions’ fund book is spread.
The 23 funds Strategic Partners Fund Solutions backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 1357%
- Europe 939%
- Rest of world 14%
United States 13 · United Kingdom 7 · France 1 · Hong Kong 1
How established those managers are
Managers grouped by how many funds they have raised — across the 11 of 23 with a fund history on record.
Emerging funds · 2
Established funds · 9
1
1
2
1
3
1
4
1
5-6
2
7-9
1
10-14
4
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other funds of funds in the Power Law LP ranking, closest to Strategic Partners Fund Solutions by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
StepStone Group
$179B AUM
50 VC funds backed
🇺🇸
Siguler Guff & Company
$16B AUM
36 VC funds backed
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Industry Ventures
$8.4B AUM
21 VC funds backed
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KfW
$624B AUM
48 VC funds backed
🇨🇭
Unigestion
$15B AUM
16 VC funds backed
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Moses Capital
23 VC funds backed
🇬🇧
Isomer Capital
$500M AUM
28 VC funds backed
🇺🇸
Sapphire Ventures
$10B AUM
8 VC funds backed