Blackstone Announces $5.6 Billion Final Close of Second GP Stakes Fund
22 Novembre 2021 - 4:30PM
Business Wire
Blackstone (NYSE: BX) today announced the final close of
Blackstone Strategic Capital Holdings II (“BSCH II”), the second
Blackstone fund in GP Stakes. BSCH II closed with $5.6 billion of
investor capital.
Blackstone GP Stakes specializes in value-added, long-term,
minority investments in the management companies of leading private
equity firms. This year the team has made investments in Great Hill
Partners, GTCR and Sentinel Capital Partners.
Mustafa M. Siddiqui, Head of Blackstone GP Stakes said, “We are
thrilled with the positive response we received from a diverse
group of limited partners. This is a strong recognition of
Blackstone’s unique value proposition in the GP Stakes market and
the rigorous approach our team brings to identifying and investing
behind great firms.”
Mike Nash, Chairman of Blackstone GP Stakes said, “We have
strong momentum in the GP Stakes market as we seek to invest with
the most successful GPs across the private-market landscape. As
long-term investors, we make it a priority to deliver Blackstone’s
substantial resources and know-how to help them build enduring
franchises.”
Blackstone GP Stakes offers substantial advantages to the firms
in which it invests. These include cost savings at the portfolio
company level by leveraging the buying power of the more than $150
billion revenue base across Blackstone’s global procurement
platform. Blackstone also makes available a range of other
business-building resources and services it provides internally and
to its portfolio companies, spanning new product development,
business strategy, ESG, cybersecurity, back-office operations, and
other functional areas.
About Blackstone
Blackstone is the world’s largest alternative investment firm.
We seek to create positive economic impact and long-term value for
our investors, the companies we invest in, and the communities in
which we work. We do this by using extraordinary people and
flexible capital to help companies solve problems. Our $731 billion
in assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
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version on businesswire.com: https://www.businesswire.com/news/home/20211122006315/en/
Blackstone Contact Paula Chirhart +1-347-463-5453
paula.chirhart@blackstone.com
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