The firm's $3.1 billion in Q3 secondaries inflows were driven primarily by its tenth private equity and ninth real estate secondary funds.
The firm's evergreen private equity flagship, which invests in secondaries, reached $29 billion in NAV less than three years after inception.
The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.
The alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
SecondaryLink outlines the IRR and MOIC of several secondary funds managed by Blackstone.
The firm is looking to match the size of its predecessor, which closed in 2023 with $22 billion in capital commitments.
The real assets specialist is targeting $3 billion for its latest vintage, which will pursue a combination of GP-led and LP-led transactions.
SecondaryLink outlines the IRR and MOIC of several secondary funds managed by Blackstone.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
The firm's tenth vehicle, which is targeting at least $22 billion in size, arrives as Blackstone's secondaries deployment reaches record levels.
