BlackRock Private Equity Partners today announced that it has successfully closed on over USD$3 billion in total capital commitments for its debut Secondaries & Liquidity Solutions (SLS) strategy. Capital raised includes USD$2.4 billion for its Secondaries & Liquidity Solutions Fund (the “Fund”), exceeding its initial target of USD$1.5 billion, and additional secondaries capital raised alongside the Fund. Together, this represents the largest fundraise for an inaugural private equity secondaries strategy globally to date.

More than 70 institutional investors around the world committed capital to the fundraise, including public and private pension funds, insurance companies, sovereign wealth funds, endowments, foundations, family offices and high-net-worth individuals. Institutional investors who participated in the fundraise include new and existing investors to BlackRock Private Equity Partners as well as BlackRock Alternative Investors.

“The success of this debut secondaries fundraise demonstrates the confidence our investors have placed in our strategy, which leverages the unique and expansive capabilities of the broader BlackRock platform, paired with our differentiated focus on mid-sized transactions,” said Steve Lessar and Konnin Tam, co-heads of the BlackRock Secondaries & Liquidity Solutions team.

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Source: The Argus Press