The Blackstone Group has been very active with its separate account programmes, closing three relationships in the first ten months of this year. Blackstone’s separate accounts tend to be tactical and opportunistic multi-asset vehicles. Examples include Blackstone Alternative Asset Management Separate Account and Blackstone/Oregon State Treasury Tactical Opportunities Separate Account raising $500 million and $250 million respectively.
PEI’s private equity investor sentiment survey, conducted earlier this year, revealed that 30 percent of LPs would target separate accounts in the coming year. Investors – particularly at the larger end of the scale – like these customised investments due to the opportunity they give or lower fees and better terms and conditions.