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The firm's tenth vehicle, which is targeting at least $22 billion in size, arrives as Blackstone's secondaries deployment reaches record levels.
We examine the Q2 capital flows, investment activity, and performance of the secondaries-focused interval fund, leveraging EvergreenLink Data.
Engler brings over two decades of technology experience and will lead operations and build the infrastructure behind each deal.
The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.
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.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
SecondaryLink details the firm's full-year secondaries activity, including earnings growth, fundraising, and performance.