Blackstone raises $5.5 billion for infrastructure secondaries fund

Blackstone Inc. (NYSE: BX) closed its Strategic Partners Infrastructure IV L.P. fund at $5.5 billion, marking the largest dedicated infrastructure secondaries fund raised to date according to the company.

The fund and its related committed program vehicles were finalized with support from institutional investors. Blackstone Strategic Partners, the division managing the fund, oversees $91 billion in investor capital under management.

"This fundraise reflects the breadth of our platform, the power of the Blackstone Strategic Partners brand, and our commitment to generating strong risk-adjusted returns for our investors," said Verdun Perry, Senior Managing Director and Global Head of Strategic Partners.

The infrastructure secondaries market involves the purchase of existing stakes in infrastructure funds from original investors seeking liquidity. Blackstone Strategic Partners was founded in 2000 and operates across secondaries, general partner stakes, and co-investments in private markets.

Mark Bhupathi, Senior Managing Director and Head of Strategic Partners Infrastructure, stated the firm would deploy the capital in what the company described as one of the fastest growing segments of the secondary market.

The information is based on a Blackstone press release statement.

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