Blackstone launches impact platform with Goldman Sachs hire
Blackstone has launched a new impact platform, searching to deliver positive financial impact, as part of the firm's Strategic Partners group, which focuses on private fund investing.
The platform seeks to leverage Strategic Partners' scale and expertise across private equity, real estate and infrastructure by partnering with external impact managers focused on developed markets. It will also partner with other investing businesses within Blackstone.
Tanya Barnes, former managing director in Goldman Sachs' Merchant Banking division, will be responsible for leading the platform. Barnes joined the $512bn investment firm in April, and has previously worked for Golden Seeds and TLB Capital.
The platform will build on the firm's previous investments in impact themes, and on Strategic Partners' sourcing capabilities and partnerships with investment managers. Strategic Partners has raised $42bn dedicated to private equity, real estate and infrastructure secondary and fund investing.
The new initiative looks into investing in mission-orientated businesses and managers. It addresses four investment themes; health and wellbeing, financial access, sustainable communities, and green technologies.
More on LPs
EU FSR could impact PE fundraising with potential rise in ‘clean funds’
FSR could lead GPs to create funds without foreign LPs; red tape around sovereign wealth funds likely
Golding adds insurance expertise with hire for institutional clients team
Tim Ickenroth joins as director with prior experience at BNP Paribas and UniCredit
Unquote Private Equity Podcast: PE perspectives from Berlin
Unquote’s Min Ho and Rachel Lewis digest the key takeaways from this year’s SupeReturn
EU Foreign Subsidies rules hold specific challenges for PE
Sovereign wealth funds and pension funds commitments may trigger EC attention under new EU foreign subsidies regulation
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater