Report: Blackstone Prepares Follow Up to $5.2B Tactical Opportunities Fund

Blackstone is preparing to launch a follow up to its $5.2B fourth tactical opportunities fund, Buyouts reported January 31, citing President and COO Jonathan Gray.

The world's largest alternative investment manager closed Blackstone Tactical Opportunities Fund IV in 2023 above a $4.5B target. Dakota data showed that the fund secured capital commitments from the California State Teachers Retirement System and the State of Wisconsin Investment Board.

Gray said Blackstone Tactical Opportunities Fund V will be launched with other Blackstone products, including a third GP stakes fund and a 10th secondaries fund.

Under its tactical opportunities platform, Blackstone had $37B of AUM as at the end of 2024. The private equity giant said it made 183 investments through the platform before 2024 closed, building a portfolio that includes Cryoport, VNET, ARKA, Diligent, Ki and HH Global.

Written By: Dakota

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Report: Blackstone Prepares Follow Up to $5.2B Tactical Opportunities Fund

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