Back to today’s briefing

Story perspectives

Blackstone Leads $5 Billion NYC Pension Fund Deal

5/28/2025

37 8

Summary

Story summary

Blackstone spearheads a $5 billion secondaries transaction with New York City's pension system.
The deal encompasses 450 commitments across 125 funds from 75 private equity firms.
NYC comptroller Brad Lander emphasizes the sale's focus on strategic realignment rather than liquidity.
The transaction process commenced in December 2024, drawing interest from 80 potential bidders.

1 of 1

Story summary

Blackstone spearheads a $5 billion secondaries transaction with New York City's pension system.
The deal encompasses 450 commitments across 125 funds from 75 private equity firms.
NYC comptroller Brad Lander emphasizes the sale's focus on strategic realignment rather than liquidity.
The transaction process commenced in December 2024, drawing interest from 80 potential bidders.