Blackstone Multi-Strategy Hedge Fund L.P. 8-K

What Happened

• Blackstone Multi-Strategy Hedge Fund L.P. and its affiliate Blackstone Multi-Strategy Hedge Fund Offshore SPC (together, “BXHF”) announced a Dealer Manager Agreement with affiliate Blackstone Securities Partners L.P. dated May 28, 2026.
• Under the agreement, the Dealer Manager will engage third‑party broker‑dealers to distribute the Fund’s limited partnership units and the Offshore Fund’s participating shares.

Key Details

• Dealer Manager: Blackstone Securities Partners L.P.; Parties: BXHF (Fund and Offshore Fund).
• Effective/Agreement date: May 28, 2026.
• Servicing Fee: up to 0.85% of net asset value per annum for each class of Units and/or Shares.
• Fee handling: Servicing Fee payable to the Dealer Manager, which expects to retain some and reallow (pay) portions to participating broker‑dealers/financial intermediaries.
• Form of Selected Dealer Agreement included as an exhibit to the filing (Dealer Manager Agreement and selected dealer agreement filed as Exhibits 10.1 and 10.2).

Why It Matters

• This agreement establishes how BXHF will compensate intermediaries to distribute its units and shares; the up-to-0.85% annual servicing fee represents an ongoing cost tied to fund NAV that can affect net investor returns.
• For investors, key takeaways are the presence of a formal distribution arrangement with an affiliated dealer manager and the explicit potential for portion of the fee to be paid to third‑party brokers, which can influence sales practices and the effective cost of holding these securities.
• The filing is informational (Item 1.01) and does not report financial results or management changes.