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Alternative Assets  + Private Equity  | 
Blackstone to Reportedly Buy Insurer Titan AIG’s $3.6B CLO Assets

Blackstone Raises Two PE Secondary Funds at Record $25B

Blackstone’s Strategic Partners arm closed its latest global secondaries strategy, Strategic Partners IX, and inaugural GP-led continuation fund strategy, Strategic Partners GP Solutions, with commitments of $22.2 billion and $2.7 billion respectively.

SP IX is the world’s largest dedicated secondaries fund ever raised.

Blackstone Strategic Partners is focused on providing a range of liquidity solutions to both investors and private equity sponsors, including single interest and portfolio sales, GP-led secondaries, and co-investments.

“With substantial scale and our multi-strategy footprint, we believe we are well-positioned to capitalize on the vast, and growing, opportunities across the secondary market,” said Verdun Perry, Global Head of Blackstone Strategic Partners.

Founded in 2000, Blackstone Strategic Partners had $67 billion of assets under management as of September 30, 2022. It has closed over 1,900 transactions across its private equity, infrastructure and real estate platforms.

Blackstone’s unlisted real estate income trust also secured a $4 billion investment from the University of California earlier this month.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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