Blackstone Holds Final Closing of Strategic Alliance Fund IV

Paul, Weiss advised Blackstone on its Strategic Alliance Fund (SAF) IV, which had its final closing in December 2022. SAF IV is one of Blackstone’s series of hybrid funds that provide seed capital to emerging alternative asset managers in exchange for a revenue share agreement. Following the final closing, Paul, Weiss will advise Blackstone on the fund’s revenue share agreements and other associated transactions.

The Paul, Weiss team included corporate partners Udi Grofman and counsel Marian Shin; tax partner Brian Grieve; and executive compensation counsel Jake Glazeski.