Blackstone GP Stakes has acquired a minority interest in Nautic Partners LLC, a middle-market private equity firm focused on healthcare, industrials and services sectors.

Blackstone specializes in value-added long term investments in management companies of private equity firms. Prior to the investment, Nautic recently closed its 10th private equity fund at a cap of $3.0 billion with support from both existing and new investors.

“Blackstone is a highly regarded leader in the private equity market, and brings a deep platform of resources and operational tools that we will look to draw upon as we continue to invest in our firm and execute on our playbook of driving value creation in partnership with our portfolio company management teams,” stated Scott Hilinski, Chris Crosby, Chris Corey and Chris Pierce of Nautic.

“We have been impressed with the Nautic team’s combination of deep sector expertise and dedication to collaborating with strong management teams,” added Mustafa Siddiqui, head of Blackstone. “This approach has allowed them to deliver outstanding investment results over a long period of time and build an enviable reputation among their peers. 

Evercore served as financial advisor to Nautic. Kirkland & Ellis served as legal counsel to Nautic and Simpson Thacher & Bartlett served as legal counsel to Blackstone.