Blackstone acquires Credit Suisse's Strategic Partners unit

theflyonthewall.com

Blackstone (BX) announced an agreement with Credit Suisse (CS) to acquire Strategic Partners, Credit Suisse's dedicated secondary private equity business with $9Bin assets under management. The transaction is subject to customary closing conditions and is expected to close by the end of the third quarter 2013. The terms of the deal were not disclosed.

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