The Blackstone Group has agreed to acquire Credit Suisse Strategic Partners, the bank’s secondary private equity business with $9 billion in assets under management. No financial terms were disclosed. Strategic Partners has 26 secondary investment professionals, led by Stephen Can and Verdun Perry. www.blackstone.com
The Blackstone Group is in talks to acquire a stake in JetPrivilege, the frequent flier unit of India’sJet Airways, according to multiple press reports. www.blackstone.com
Carbon Black, a Sterling, Va.-based developer of a ‘surveillance camera’ for computers, has raised an undisclosed amount of private equity funding from The Blackstone Group. www.carbonblack.com
International Paper Co. (NYSE: IP) is in talks to spin off and merge its distribution group withUnisource Worldwide Inc., a Norcross, Ga.-based portfolio company of Bain Capital, according to Reuters. www.unisourceworldwide.com
Trilantic Capital Partners and Riverstone Holdings have invested an undisclosed amount into Trail Ridge Energy Partners II, a newly-formed oil and gas exploration and production company focused primarily in the Permian Basin in West Texas. www.trilanticpartners.com
US LBM Holdings LLC, a Green Bay, Wis.-based portfolio company of BlackEagle Partners, has acquired Shelly Enterprises Inc., a Telford, Penn.–based building materials supplier.www.shellyslumber.com
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