Blackstone (NYSE: BX) today announced the launch of Blackstone Private Markets Fund (BXPM), a new, perpetual flagship strategy providing simplified access to Blackstone’s private markets platform in a single allocation. The strategy has access to:

• Private equity, through Blackstone’s $364 billion private equity strategies, including corporate private equity, tactical opportunities, growth, and life sciences, and secondaries business
• Private infrastructure, through Blackstone’s $90 billion infrastructure business that actively invests across energy, transportation, and digital infrastructure
• Private real estate, through Blackstone’s $314 billion real estate business, the largest owner of commercial real estate globally; and
• Credit, through Blackstone’s $469 billion credit and insurance business spanning global credit markets.

BXPM marks the first time eligible non-U.S. investors will have access to Blackstone’s institutional quality perpetual funds through a single solution, which provides broad-based private markets exposure across four core asset classes.

The launch builds on Blackstone’s scale and nearly 25-year track record of delivering private markets solutions for eligible investors, powered by the firm’s $324 billion Private Wealth business. It is also the first multi-strategy solution launched as part of Blackstone Portfolio Solutions, announced earlier this year.

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 CEO 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.”

Written by: Felix Lettau @Blackstone

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