Blackstone Private Equity Strategies Fund L.P. 8-K

What Happened
Blackstone Private Equity Strategies Fund L.P. (BXPE U.S.) and its feeder vehicle, Blackstone Private Equity Strategies Fund (TE) L.P. (the Feeder), filed an 8-K disclosing the unregistered sale of limited partnership units on February 1, 2026. BXPE U.S. sold units for aggregate consideration of approximately $388.2 million and the Feeder sold units for approximately $115.3 million (combined about $503.5 million). The number of units sold was finalized on February 26, 2026 after calculating each fund’s Transactional NAV as of January 31, 2026. The filing also notes the broader BXPE Fund Program (inclusive of parallel vehicles) issued interests totaling about $831.9 million on that date.

Key Details

• BXPE U.S. unit sales totaled $388,209,012, including: Class I Series I — 6,532,462 units for $229,350,620; Class S — 4,460,219 units for $153,858,392; Class D — 143,143 units for $5,000,000.
• The Feeder sold units totaling $115,305,100, including: Class I Series I — 1,311,872 units for $45,623,232; Class S — 2,004,561 units for $68,481,868; Class D — 38,669 units for $1,200,000.
• The Feeder was established to allow certain tax-exempt and non-U.S. investors to participate in BXPE U.S. more tax efficiently; it acquired 3,230,730 BXPE U.S. Class I units for approximately $113.4 million.
• Offerings were private: sold only to investors who are both accredited investors and qualified purchasers and were exempt from Securities Act registration under Section 4(a)(2) and Regulation D.

Why It Matters
These sales represent a substantial private capital raise for the BXPE program and increase the funds’ invested capital without a public registration process. For investors, the filing signals active fundraising and issuance activity within Blackstone’s private equity strategies, clarifies which investor types participated (accredited and qualified purchasers), and documents the use of Transactional NAV pricing. The disclosure is procedural and regulatory—informing current and prospective investors about the scope, structure, and legal basis for the unit sales.