Blackstone Strategic Partners closes largest infrastructure secondaries fund at $5.5 billion

Blackstone Strategic Partners just closed its Strategic Partners Infrastructure IV fund at $5.5 billion, making it the world's largest dedicated infrastructure secondaries vehicle. This significant raise by the world's largest alternative asset manager highlights the growing institutional appetite for liquidity and portfolio rebalancing within infrastructure. The successful close positions Blackstone to be a dominant player in a maturing secondary market for these long-term assets. It also underscores how major alternative asset managers are increasingly structuring solutions for investors seeking exposure or exit opportunities in this sector.