{"id":1004152110,"date":"2016-09-09T03:18:17","date_gmt":"2016-09-09T11:18:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152110"},"modified":"2020-05-18T16:21:32","modified_gmt":"2020-05-19T00:21:32","slug":"blackstone-fund-closes-at-1-3b","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-fund-closes-at-1-3b\/","title":{"rendered":"Blackstone Fund Closes at $1.3B"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

\"Mark<\/a>

Mark Burton, Strategic Partners<\/p><\/div>\n

New York<\/strong>\u2014Blackstone<\/a> has about a billion reasons to be pleased. The global investment firm\u2019s dedicated secondary and private markets fund solutions platform, Strategic Partners Fund Solutions<\/a>, has completed the final closing for Strategic Partners Real Estate Fund VI LP at the fund\u2019s hard cap of $1.3 billion.<\/p>\n

SP VI RE, which made its first sale in December 2014, attracted a broad base of investors from around the world, ranging from domestic public funds to foreign pension funds to family offices. Financial institutions, endowments and foundations were also among the entities that committed to the investment vehicle, which clearly has its appeal. SP VI RE targets high-quality real estate portfolio interests and co-investments for investors in need of liquidity.<\/p>\n

\u201cThis new pool of capital will enable Strategic Partners to commit to a wide-range of compelling secondary real estate opportunities,\u201d Mark Burton, head of Strategic Partners\u2019 real estate practice, said in a prepared statement. \u201cWe believe our disciplined approach to the real estate secondary market creates value for our limited partners.\u201d<\/p>\n

SP VI RE is Strategic Partners\u2019 sixth real estate-focused secondary fund. The company declined to comment beyond prepared remarks.<\/p>\n

Image courtesy of Blackstone<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The fund made its first sale in December 2014 and attracted a broad base of investors from around the world.<\/p>\n","protected":false},"author":969,"featured_media":1004152111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21783,23891,1600,21742],"tags":[],"class_list":["post-1004152110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-investment","category-national","category-new-york","category-latest"],"acf":[],"yoast_head":"\nBlackstone Fund Closes at $1.3B - 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\/blackstone-fund-closes-at-1-3b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Fund Closes at $1.3B\" \/>\n<meta property=\"og:description\" content=\"The fund made its first sale in December 2014 and attracted a broad base of investors from around the world.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-fund-closes-at-1-3b\/\" \/>\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=\"2016-09-09T11:18:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T00:21:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Mark-Burton-Strategic-Partners.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"375\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\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\/blackstone-fund-closes-at-1-3b\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-fund-closes-at-1-3b\/\",\"name\":\"Blackstone Fund Closes at $1.3B - 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