Blackstone has launched a multi-asset fund providing eligible non-US investors with access to its global private markets platform.
The Blackstone Private Markets Fund provides a single-allocation strategy spanning private equity, infrastructure, real estate and private credit.
The vehicle represents the first multi-strategy fund launched under the Blackstone Portfolio Solutions banner, drawing on the firm’s $324bn (£244bn) private wealth management business.
Blackstone manages more than $1.3tn (£981bn) in assets across global investment strategies.
Joan Solotar, global head of private wealth at Blackstone, said: “Blackstone has been a leader in broadening access to private markets for more than two decades. Today marks a step in that journey: BXPM is the first strategy that gives eligible investors access to Blackstone in a single, simple allocation.”
Rashmi Madan, global head of portfolio solutions at Blackstone and chief executive of BXPM, said: “We have thoughtfully designed BXPM to enable investors to access private equity, infrastructure, real estate and private credit in a single intentionally constructed portfolio – essentially, it’s private markets simplified by Blackstone.”
