Interview with Joshua Blaine, Senior Managing Director, Blackstone Strategic Partners – Secondaries: Problems, opportunities and Pricing

We interviewed Joshua Blaine, Senior Managing Director of Strategic Partners, Blackstone's secondary private fund of funds business. During the call we discussed:

• Market growth and ratio to primaries.

• Leverage - pricing in this market.

• Who is selling?

• GP-led secondaries trends and issues.

• Fundraising.

Joshua Blaine is a Senior Managing Director, having joined Strategic Partners in 2001. Joshua sits on the Investment Committee for each of the Strategic Partners funds and is currently an advisory board member of multiple funds. In 2004, he founded the Strategic Partners London office and covered the European market prior to returning to New York in early 2006.

Prior to joining Strategic Partners, he worked in the Private Fund Group at JPMorgan Chase & Co., where he was part of a small dedicated team responsible for selling almost $2 billion of the firm’s private equity partnership interests through a series of secondary market transactions. He previously worked in the Corporate Finance Department at UBS. Joshua is currently a member of the Tulane Fund Advisory Board and Tulane Business School Council.

Joshua received a B.S.M. cum laude in Finance from the A.B. Freeman School of Business at Tulane University.