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), announced they sold unregistered limited partnership units on March 1, 2026. BXPE U.S. received approximately $594.5 million and the Feeder received approximately $158.1 million in aggregate consideration. The BXPE Fund Program (including parallel Blackstone-managed vehicles) issued interests totaling about $983.5 million on that date.
• The number of Units sold was finalized on March 26, 2026 after calculating each Fund’s Transactional NAV as of February 28, 2026. The Feeder also acquired 4,383,015 BXPE U.S. Class I Units for about $156.6 million to facilitate tax-efficient participation for certain investors.

Key Details

• BXPE U.S. unit sales (total $594,463,491): Class I Series I — 11,089,883 units for $396,281,450; Class S — 5,321,366 units for $186,682,041; Class D — 182,886 units for $6,500,000; Class N — 177,024 units for $5,000,000.
• Feeder unit sales (total $158,063,080): Class I Series I — 1,740,942 units for $61,608,983; Class S — 2,766,206 units for $96,104,097; Class D — 11,086 units for $350,000.
• Sales were part of continuous private offerings to accredited investors and qualified purchasers and were exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act.

Why It Matters

• This filing reports a significant private capital raise for the BXPE Fund Program, which increases the funds’ invested capital and reflects investor demand for the strategy.
• Because the sales were made via private placement exemptions to accredited and qualified purchasers, these were not a public offering and do not change the funds’ public reporting status. Retail investors should note the transaction affects fund size and unit counts but contains no disclosure of performance, distributions, or changes to management.