Blackstone Strategic Partners Fund X, the firm's latest secondaries flagship, has secured over $14 billion in commitments. The fund is targeting "at least" $22.5 billion, making it the second-largest active fundraise in the secondaries market by target, according to Secondaries Investor data.

This significant milestone was announced by Blackstone president and chief operating officer Jon Gray during the firm's Q2 earnings call. The capital raised places Strategic Partners Fund X more than halfway to its ambitious goal.

This fundraise highlights continued strong investor appetite for secondaries strategies, particularly within a large, established manager like Blackstone. The success of Strategic Partners Fund X underscores the growing importance of the secondaries market in providing liquidity and investment opportunities.