Blackstone raises $5.6bn for second GP stakes fund

Blackstone () closed its Blackstone Strategic Capital Holdings II with $5.6 billion in commitments to allocate to GP stakes.

The Blackstone GP Stakes unit of the $731 billion alternative investment firm is focused exclusively on value-added, long-term, minority investments in the management companies of leading private equity firms.

Mustafa Siddiqui, head of Blackstone GP Stakes

So far this year investments have been made in $8 billion firm Great Hill Partners

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