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Strategic Partners raises $1.75bn

The New-York based firm closes second infra secondaries fund at hard-cap.

BlackStone Strategic Partners held a final close for its Strategic Partners Real Assets II at $1.75 billion hard-cap.

Investors in the fund are comprised of sovereign wealth funds, pension funds, financial institutions, endowments, foundations and family offices. The fund began investing in May 2017 and has already closed or partially closed 14 transactions.

The fund will make secondary investments in energy, renewables, transport and utilities sectors in North America and Europe.