LP profile · Fund of fund
Strategic Partners Fund Solutions
Strategic Partners Fund Solutions is a fund of fund headquartered in United States (North America). Ranked #294 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Source of Capital
- No information available.
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.
Sources
- https://www.blackstone.com/our-businesses/strategic-partners/
- https://www.blackstone.com/news/press/blackstone-to-acquire-strategic-partners-from-credit-suisse/
- https://www.stblaw.com/about-us/news/view/2023/01/19/blackstone-closes-private-equity-secondary-funds-at-$25-billion
- https://pitchbook.com/profiles/company/58289-14