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

What Happened

• Blackstone Private Equity Strategies Fund L.P. (BXPE U.S.) and its feeder, Blackstone Private Equity Strategies Fund (TE) L.P., announced the private sale of limited partnership units on April 1, 2026. BXPE U.S. sold units for approximately $412.7 million and the Feeder sold units for approximately $113.5 million. The BXPE Fund Program (including parallel Blackstone-managed vehicles, excluding BXPE Lux) issued interests for about $654.8 million in aggregate on that date.
• The number of units sold was finalized on April 22, 2026 after calculating each fund’s transactional net asset value (Transactional NAV) as of March 31, 2026.

Key Details

• BXPE U.S. unit sales by class (aggregate $412,741,821): Class I Series I — 6,724,661 units for $243,026,573; Class S — 3,995,201 units for $141,650,248; Class D — 731,299 units for $25,865,000; Class N — 77,048 units for $2,200,000.
• Feeder unit sales (aggregate $113,513,037): BXPE U.S. Class I Series I — 1,437,473 units for $51,425,613; Class S — 1,767,175 units for $62,032,424; Class D — 1,723 units for $55,000.
• The Feeder acquired 3,085,085 BXPE U.S. Class I units for roughly $111.5 million and is structured to allow tax‑efficient participation by certain investors (e.g., tax‑exempt and non‑U.S. investors).
• The sales were part of continuous private offerings to investors who are both 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

• These transactions materially increased the funds’ invested capital and reflect ongoing capital raising activity within the BXPE Fund Program. For current and prospective investors, the filing confirms the timing, size, and regulatory basis (private placement) of the issuances and notes that final unit counts were set based on a March 31, 2026 transactional NAV calculated April 22, 2026.
• The disclosure also clarifies the Feeder’s role in providing tax‑efficient access for certain investor types and reiterates that the offerings were limited to accredited and qualified purchasers under securities exemptions.