Blackstone Strategic Partners - Secondaries (Recruiting, Comp, Culture)

Currently a first year at a top BB/EB looking to learn more and break into Blackstone Strategic Partners (their secondaries investment arm) as an associate after banking. Could anyone share more information on how recruiting works? I know they have a pretty developed analyst program out of undergrad, so are openings to come in after banking rare? Or do they participate in on-cycle recruiting as well to recruit bankers?

Information on compensation and culture/wlb would be helpful as well. Couldn't really find much info on WSO regarding Blackstone's Strategic Partners division. Thank you!

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Apr 25, 2021 - 5:43pm

Strat partners is one the largest secondaries players. Their strategy is more lp portfolio driven rather than gp-led secondaries. Therefore, your skillset gained will be more on the diversified portfolios front... if you end up wanting to lateral to a more gp led/ coinvestment / direct role later, it might be a bit more challenging, though I'd imagine you would still get interviews. They predominantly hire at the analyst level and promote within to associate/vp. However, given the scalability of the strategy, there is a very narrow bottleneck for more senior promotion. Comp is great relative to street. This is all from my observation based on interactions with people there.

Oct 11, 2021 - 2:28pm

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