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Blackstone’s Strategic Partners Fund Solutions closes fund at $1.75 billion

Blackstone Group's secondary market business Strategic Partners Fund Solutions on Tuesday closed its second fund focused on the infrastructure secondary market, Strategic Partners Real Assets II, at its $1.75 billion hard cap, said Paula Chirhart, Blackstone spokeswoman, in an email.

The fund began investing in May 2017 and has already closed or partially closed 14 transactions. The new fund is close to six times larger than its prior fund, the $300 million Strategic Partners Real Assets I.

Investors in the latest fund include the $56 billion Pennsylvania Public School Employees' Retirement System, Harrisburg.