Blackstone has launched a new private markets fund offering eligible non-US investors exposure to private equity, infrastructure, real estate and credit through a single investment strategy.
The vehicle is the first strategy launched under Blackstone Portfolio Solutions, an initiative announced earlier this year.
The fund draws on Blackstone’s existing investment business, including its $364bn (£275bn) real estate business and $469bn (£354bn) credit and insurance business. According to Blackstone, BXPM marks the first time the firm has offered eligible non-US investors exposure to all four asset classes through a single portfolio.
Blackstone operates across 27 cities worldwide, including a significant UK presence, with its London office in Berkeley Square, serving as its European headquarters. The firm has invested more than £70bn across over 100 UK businesses and investments over the past two decades, spanning sectors including housing, tourism, life sciences and logistics.
Joan Solotar, global head of Private Wealth, 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 and chief executive officer 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.”
