The Blackstone Group’s secondaries arm, Strategic Partners, has retained a recruitment agency to hire someone to manage its real estate investments and could be gearing up to launch a debut real estate secondaries fund, sister publication Secondaries Investor has learned.
Strategic Partners recently launched the search, according to multiple sources, who were unable to say whether Strategic Partners had made any hiring decisions. Blackstone did not return a request for comment by press time.
To date, Strategic Partners’ exposure to real estate has been limited to allocations within its private equity secondaries funds.
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