David Fox, a long-time senior executive with Blackstone’s Strategic Partners team, will leave at year-end, a Blackstone spokesperson confirmed for affiliate title Buyouts.
Fox is leaving to spend time with family, the spokesperson said. It’s not clear if he will take on a role with another firm. Fox did not respond to a message over LinkedIn.
Fox has been with Strategic Partners since the platform was backed by Credit Suisse, having started in 2007. Blackstone acquired Strategic Partners in 2013.
He is on the investment committees for each Strategic Partners fund, according to his biography on Blackstone’s website. Fox moved to the London office in 2011 and relocated back to New York in 2014, his bio said.
A profile by affiliate title Private Equity International for its 2020 Future 40: Dealmakers described Fox as “thoughtful, diligent and creative in his approach”.
Strategic Partners, formed in 2000, has grown rapidly since its acquisition by Blackstone into one of the largest secondaries buyers in the market. The firm closed its ninth flagship secondaries fund in January on $22.2 billion, and its debut GP-led-focused fund on $2.7 billion.
The firm, led by Verdun Perry, has been involved in a series of deals this year, including Aterian Investment Management’s single-asset process for Vander-Bend Manufacturing. Strategic Partners led the deal with JPMorgan’s secondaries group and Hollyport Capital, Buyouts previously reported.
Strategic Partners also participated in a continuation fund process run by Calera Capital, which raised about $750 million for its asset ImageFirst. Other backers included Goldman Sachs Asset Management, TPG and Portfolio Advisors.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: