Simpson Thacher & Bartlett advised Blackstone on the final close of its second fund, with $5.6 billion, aimed at investing in other private equity firms.
The second Blackstone Strategic Capital Holdings fund, GP Stakes, specializes in making “value-added, long-term, minority investments in the management companies of leading private equity firms,” according to a statement.
This year the fund has bought minority stakes in Great Hill Partners, GTCR, and Sentinel Capital Partners, the statement said.
Read more/Source: Bloomberg Law
