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Blackstone Holds Final Close On Second GP Stakes Fund

Blackstone has held the final close of Blackstone Strategic Capital Holdings II (“BSCH II”), the second Blackstone fund in the firms' GP Stakes business. BSCH II closed with $5.6bn of investor capital.

Blackstone GP Stakes specializes in value-added, long-term, minority investments in the management companies of private equity firms. This year the team has made investments in Great Hill Partners, GTCR and Sentinel Capital Partners.

Mustafa M. Siddiqui, Head of Blackstone GP Stakes, said, “We are thrilled with the positive response we received from a diverse group of limited partners. This is a strong recognition of Blackstone’s unique value proposition in the GP Stakes market and the rigorous approach our team brings to identifying and investing behind great firms.”

Mike Nash, Chairman of Blackstone GP Stakes, added, “We have strong momentum in the GP Stakes market as we seek to invest with the most successful GPs across the private-market landscape. As long-term investors, we make it a priority to deliver Blackstone’s substantial resources and know-how to help them build enduring franchises.”

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