{"id":1004131570,"date":"2015-11-16T06:57:43","date_gmt":"2015-11-16T14:57:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004131570"},"modified":"2020-05-18T16:27:09","modified_gmt":"2020-05-19T00:27:09","slug":"blackstones-strategic-partners-acquires-calpers-fund-interests","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/","title":{"rendered":"Strategic Partners Acquires $3B CalPERS Fund Interests"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004131573\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg\" data-orig-size=\"580,387\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg?w=580\" class=\"alignright size-medium wp-image-1004131573\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg\" alt=\"cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg 580w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><a href=\"https:\/\/www.blackstone.com\/businesses\/aam\/strategic-partners\" rel=\"nofollow\">Blackstone\u2019s Strategic Partners Fund Solutions<\/a> has signed a definitive Purchase and Sale Agreement with The California Public Employees\u2019 Retirement System to acquire nearly $3 billion of global real estate fund interests.<\/p>\n<p>Since its inception in 2000, Strategic Partners has built one of the industry\u2019s largest and most comprehensive portfolios of private equity and real estate interests.<\/p>\n<p>\u201cThis transaction highlights our ability to source and acquire large, complex portfolios and capitalize on the ongoing opportunities in the secondaries market while meeting the varied needs of sellers,\u201d Verdun Perry, Strategic Partners\u2019 co-head, said in a prepared release. \u201cStrategic Partners\u2019 relationships with global investors and real estate managers, coupled with a long history of executing secondary transactions on a fair, timely and confidential basis, enable us to transact on a variety of unique opportunities.\u201d<\/p>\n<p>According to terms of the deal, Strategic Partners will acquire CalPERS\u2019 interests in 43 domestic and international real estate funds, allowing the California-based pension fund to offload its non-core holdings as well as simplify operations.<\/p>\n<p>\u201cThis is a marquee transaction for the real estate secondaries industry. We partnered with CalPERS to deliver a solution for a premier organization seeking to reduce its non-strategic portfolio through the sale of non-core holdings,\u201d Mark Burton, Strategic Partners\u2019 head of real estate, said in the release. \u201cGiven our significant real estate experience developed through over 100 real estate secondary transactions since 2001, and our strong coverage of the 43 funds in this transaction, we were able to execute a complex transaction in a relatively short amount of time.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone&#8217;s Strategic Partners has signed a definitive Purchase and Sale Agreement with The California Public Employees\u2019 Retirement System.<\/p>\n","protected":false},"author":451,"featured_media":1004131573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21742,15],"tags":[],"class_list":["post-1004131570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strategic Partners Acquires $3B CalPERS Fund Interests - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic Partners Acquires $3B CalPERS Fund Interests\" \/>\n<meta property=\"og:description\" content=\"Blackstone&#039;s Strategic Partners has signed a definitive Purchase and Sale Agreement with The California Public Employees\u2019 Retirement System.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-16T14:57:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T00:27:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"580\" \/>\n\t<meta property=\"og:image:height\" content=\"387\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/\",\"name\":\"Strategic Partners Acquires $3B CalPERS Fund Interests - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg\",\"datePublished\":\"2015-11-16T14:57:43+00:00\",\"dateModified\":\"2020-05-19T00:27:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg\",\"width\":580,\"height\":387},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Strategic Partners Acquires $3B CalPERS Fund Interests\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\",\"name\":\"Keith Loria\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"caption\":\"Keith Loria\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Strategic Partners Acquires $3B CalPERS Fund Interests - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/","og_locale":"en_US","og_type":"article","og_title":"Strategic Partners Acquires $3B CalPERS Fund Interests","og_description":"Blackstone's Strategic Partners has signed a definitive Purchase and Sale Agreement with The California Public Employees\u2019 Retirement System.","og_url":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-11-16T14:57:43+00:00","article_modified_time":"2020-05-19T00:27:09+00:00","og_image":[{"width":580,"height":387,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg","type":"image\/jpeg"}],"author":"Keith Loria","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/","url":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/","name":"Strategic Partners Acquires $3B CalPERS Fund Interests - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg","datePublished":"2015-11-16T14:57:43+00:00","dateModified":"2020-05-19T00:27:09+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg","width":580,"height":387},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/blackstones-strategic-partners-acquires-calpers-fund-interests\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Strategic Partners Acquires $3B CalPERS Fund Interests"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f","name":"Keith Loria","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","caption":"Keith Loria"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/cas-govt-pension-fund-to-report-loss-of-one-quarter-of-its-holdings.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004131570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/451"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004131570"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004131570\/revisions"}],"predecessor-version":[{"id":1004446786,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004131570\/revisions\/1004446786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004131573"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004131570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004131570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004131570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}