The secondaries unit achieved gross returns of 9.6 percent over the quarter and 16.5 percent over the trailing 12 months. Global Private Equity Fund Market Professional Survey Research . Private equity secondary deal volume totals $36 bln: survey PE Hub (Dec. 23, 2013): Earlier this year, secondary market intermediary Setter Capital stirred some controversy with a half-year report showing secondary deal volume at around the $15 bill ... Blackstone, Apollo most desired secondary buyout managers - July 26, 2015. The Blackstone Group Inc. is an American alternative investment management company based in New York City.In 2019, Blackstone converted from a publicly traded partnership into a corporation.. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone’s Strategic Partners arm and Goldman Sachs ... Secondaries have historically outperformed most other types of private equity funds. The New York-headquartered firm is running a single-asset restructuring on its $7 billion 2012-vintage Tactical Opportunities Fund, according to three sources familiar with the matter. Blackstone acquires interests in funds across asset classes, offering liquidity to investors, and co-invest alongside managers globally. The secondary market is one of the fastest growing asset class in the private equity market with transactions volumes jumping from $2bn in 2002 to $74bn in 2018. The Democratisation of Private Equity; Submit your entry for the OpEx Awards 2021; Side Letter; Magazine; LP Perspectives 2021; Coronavirus; The A-Z of Impact Investing; Secondaries; LP news in brief; Performance; Fundraisers; Fund terms; Private Equity Professionals; News & Analysis. This isn’t good news. Blackstone Strategic Partners, a $38 billion unit focused on investing in existing private equity portfolios, aims to raise $12 billion to $13 billion for a ninth flagship fund, which would be its biggest ever, and a smaller vehicle of at least $2 billion to focus on so-called general partner-led secondary deals, according to people familiar with the plans. The … BCG, PE firm employment data as of March 2017. Strategic Partners, a secondaries-focused investment group within Blackstone, closed fundraising this week for the largest infrastructure vehicle ever to target this growing corner of the secondaries market.. At $3.75 billion, Strategic Partners Infrastructure III is a continuation of the group’s strategy that targets secondary fund transactions. Sources: Fortune Global 500, company employment data as of December 2019. Credit Suisse Strategic Partners. The founders along with … Blackstone president and chief operating officer Jonathan Gray believes target date funds will be the go-to vehicle for accessing 401(k) money, with opportunities in real estate and secondaries markets. University of Utah - David Eccles School of Business. Blackstone aside, is private equity real estate value for money? Blackstone (NYSE: BX) (“Blackstone”) and Vista Equity Partners (“Vista”) today announced that private equity funds managed by those firms … Private Equity. Secondaries private equity major Landmark Partners has closed its first fund since Ares Management agreed a $1bn-plus buyout of the firm at the end of March. Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth, its inaugural growth equity … Contact us. Figure 2. The secondaries unit achieved gross returns of 9.6 percent over the quarter and 16.5 percent over the trailing 12 months. Strategic Partners was Blackstone’s top performer as Stephen Schwarzman came out fighting on the investment manager’s third-quarter earnings call. Blackstone Group (NYSE: BX) Q3 distributable EPS of 63 cents per share exceeds the average analyst estimate of … Blackstone Group Inc.’s Verdun Perry said the private equity industry needs to step up when it comes to diversifying its ranks and increase the number of places where it seeks out talent. Additionally, Blackstone bought Clarus See also: Blackstone Seeks About $15 Billion for New Secondaries Funds. Blackstone 0 152 195 201 221 3 0 103 120 184 0 92 99 206 202 102 0 70 2018 Blackstone Investor Day ... Corporate Private Equity Joe Baratta Global Head, Private Equity 97 ... (Secondaries) Real Estate Corporate Private Equity Total Mezzanine (Less than 1/3 the volatility 24 May 2021. Private equity firms like Blackstone, Apollo, and Carlyle have grown ever more powerful in the easy credit decade following the 2008–2010 financial crisis. New York, NY. Blackstone has made a minority investment in ready-to-assemble furniture company Walker Edison. 27 June 2019. The unit has also raised real estate-focused secondaries funds, its latest having collected at least $787.23 million so far, according to Secondaries Investor data. The private equity secondaries market is on the rise and presents significant opportunities in times of crises, according to a recent article from INSEAD covering insights from a webinar with alumni involved in the space.. Secondaries acquire pre-existing commitments to private equity funds from investors who are looking for an early way out. But the fund that holds it, Energy Capital Partners III, recently tapped out. The Evolution of the Secondary Market Like any market, the secondary private equity market connects buyers and sellers, allowing the former to access private equity limited partnership positions beyond the initial investment period, and the latter to access liquidity along an earlier timeframe. Blackstone’s acquisition of GSO Capital Partners and Carlyle’s purchase of Churchill Financial. Strategic Partners, Private Equity Secondaries Business Unit Overview Strategic Partners is a global leader in illiquid fund investing, including secondaries, co-investments and primary advisory. Shareholder Relations. Job Description: Blackstone’s Real Estate Private Equity Group offers Summer Analysts the experience on a professional team whose work involves the acquisition of real estate-related companies, portfolios of real estate assets and individual properties worldwide. We have also seen acquisitions outside of credit. 24 October 2019. The group’s flagship private equity secondaries funds have almost tripled in size since the 2013 acquisition. “I think it’s unlikely you’re going to see direct investment,” Gray said on the firm’s Q2 earnings call. In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Blackstone Strategic Partners - Secondaries (Recruiting, Comp, Culture) IB. Private Equity Jobs of the Week: BlackRock, Wellington and Blackstone are hiring. Further information is available at www.blackstone.com. Print Page. Blackstone’s Joe Baratta: long-life private equity funds ‘now an asset class’ Blackstone's global head of private equity speaks exclusively to Buyouts about the firm's long-hold strategy. Blackstone's secondaries arm Strategic Partners has closed what is believed to be the world's biggest infrastructure secondaries fund on $3.75bn. Blackstone Strategic Partners, a $38 billion unit focused on investing in existing private equity portfolios, aims to raise $12 billion to $13 billion for a ninth flagship fund, which would be its biggest ever, and a smaller vehicle of at least $2 billion to focus on so-called general partner-led secondary deals, according to people familiar with the plans. Guided by four investment themes – Health & Wellbeing, Financial Access, Sustainable Communities and Green Technologies – we seek to gain exposure to impact investments via co-investments alongside a wide range of financial sponsors. Note: All figures as of March 31, 2021, unless otherwise indicated. *As of March 31, 2021. In this report, 2019 has been considered as the base year and the forecast period has been considered from 2020 to 2027.The Market Characteristics section of the … Blackstone, the world’s largest private equity firm, has become the latest blue chip manager to run a secondaries process on one of its funds. I found some data that associates at Alpinvest pull around ~250k but what about senior associates, VP and above? Contact us. The funds involved in the secondary markets are serious players raising multi-billion funds (e.g. By. Mark Everitt, director of research for BlackRock Alternative Investors, discussed current secondary market dynamics, parallels with the global financial crisis, and potential investment opportunities with Steve Lessar, Co-Head of Secondaries and Liquidity Solutions in BlackRock Private Equity Partners, during our April 1 webcast, Private equity in a changed landscape. New York, July 20, 2020 — Strategic Partners, Blackstone’s (NYSE:BX) secondary and fund solutions business, announced today the final close on $3.75 billion for Strategic Partners Infrastructure III L.P. and its related committed program vehicles (collectively, “SP Infrastructure III”). In addition to Carlyle’s purchase of Churchill, the firm purchased AlpInvest, a major player in funds-of-funds and secondaries, in 2011. Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, providing leading data and insights, trading platforms and open data and technology … A group of private equity firms, including Blackstone Group, Carlyle Group and Hellman & Friedman, is buying medical supply maker and distributor … Ardian and Lexington are both currently raising a $12bn fund). Founded on a heritage of innovation, we continue to maintain a differentiated investment strategy that utilizes our internal research process to provide customized transaction solutions to institutional investors and fund sponsors. Partners Group has made a significant change in its Singapore-based real estate team. Strategic Partners, Blackstone’s (NYSE:BX) secondary and fund solutions business, announced today the final close on $1.9 billion for Strategic … Subscribe. If you need more evidence that private equity secondaries has gone mainstream, check this out: Blackstone Group is raising a pool of capital that will target GP-led deals like fund restructurings and single-asset deals. Strategic Partners, the secondary arm of private-equity giant Blackstone Group Inc., has raised $3.75 billion for a new vehicle focused on secondhand stakes in infrastructure funds. 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