Simpson Thacher represented Strategic Partners in connection with the formation and fundraising of Strategic Partners VIII L.P. and its related committed program vehicles (collectively, including related entities, “SP VIII”), the firm’s eighth global private equity secondary fund. SP VIII closed at over $11 billion, with a diversified investor base comprising pension funds, sovereign wealth funds, financial institutions, endowments, foundations, family offices and high net worth individuals from more than 30 countries. The fund will leverage Strategic Partners’ scale, consistent secondary investment strategy and transaction expertise.
Strategic Partners, Blackstone’s secondary and fund solutions business, has raised more than $43 billion dedicated to private equity, infrastructure and real estate secondary and fund investing.
The Simpson Thacher team representing Strategic Partners included Parker Kelsey, Carolyn Houston, Avi Herescu, Samuel Francis, David Whelan, Katherine Smith, Edward Guers, Jiarui Li, Yanru Tao and Justin Thekkekara (Funds); Jonathan Goldstein and Nicole Humphrey (Tax); and Brian Robbins and Jeanne Annarumma (ERISA).