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Laxman Pai, Opalesque Asia: Strategic Partners, the secondary arm of private-equity giant Blackstone Group Inc., has raised $3.75 billion for a new vehicle focused on secondhand stakes in infrastructure funds.
The new vehicle, Strategic Partners Infrastructure III, is the largest pool ever raised to focus exclusively on secondhand infrastructure stakes, said a press release from the private fund investing giant.
Verdun Perry, Senior Managing Director and Global Head of Strategic Partners, said: "We are deeply thankful for our investors' continued support as they entrust us to provide attractive risk-adjusted returns for the millions of beneficiaries they represent."
"Over the past twenty years we have built one of the world's largest private market secondary platforms, which strongly positions us to capitalize on opportunities across the secondary market," Verdun added.
The firm claims that it is the market leader in private fund investing. Since 2000, Strategic Partners has raised $50 billion dedicated to private equity, infrastructure and real estate secondary and fund investing.
Mark Bhupathi, Managing Director and Head of Strategic Partners Infrastructure, said: "This latest dedicated pool of capital further enhances our market position. We are excited about the opportunities we are seeing and the advantages that our existing scale, footprint, and expertise provide."
Blackstone's $538 billion in assets under management include investment vehicles...................... To view our full article Click here
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