Jordan Stutts
With the rise in primary fundraising for sustainable investment, the manager of philanthropic and endowment capital sees the secondaries market following suit.
With $3.75bn in hand, Blackstone’s Strategic Partners is targeting stable assets in a range of sectors from a year to 10 years of age.
The strategies were the only two that investors showed increased interest in, according to a report by Probitas Partners.
The investment, which does not give Landmark an ownership stake, will allow Stonepeak to expand its credit business.
Meketa will take over from StepStone Group, having already assumed the role of private equity consultant for the pension in March.
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