Blackstone Strategic Partners anchored EQT’s new AI Infrastructure Fund, demonstrating how secondaries can enable large-scale strategic moves. This transaction highlights the growing role of secondary markets in providing liquidity and supporting new investment vehicles. EQT leveraged this approach to build the first stage of its AI-focused infrastructure strategy, marking a significant milestone.

The deal underscores how secondaries are evolving from simple liquidity tools into instruments for creating new funds and accessing capital. As the infrastructure and AI sectors expand, such innovative uses of secondaries are likely to become more common, reshaping how major investors approach fund formation.