The firm's tenth vehicle, which is targeting at least $22 billion in size, arrives as Blackstone's secondaries deployment reaches record levels.
Blackstone Strategic Partners X has secured approximately 73% of its $22 billion target.
SecondaryLink outlines the IRR and MOIC of several secondary funds managed by Blackstone.
The firm's evergreen private equity flagship, which invests in secondaries, reached $29 billion in NAV less than three years after inception.
The firm's $3.1 billion in Q3 secondaries inflows were driven primarily by its tenth private equity and ninth real estate secondary funds.
SecondaryLink outlines the IRR and MOIC of several secondary funds managed by Blackstone.
The firm is looking to match the size of its predecessor, which closed in 2023 with $22 billion in capital commitments.
The firm plans to adjust the fee structure in its flagship secondaries funds to better align with prevailing market practices.
SecondaryLink outlines the IRR and MOIC of several secondary funds managed by Blackstone.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
