Blackstone Infrastructure Strategies L.P. 8-K

What Happened

• Blackstone Infrastructure Strategies L.P. (BXINFRA U.S.) and its feeder fund, Blackstone Infrastructure Strategies (TE) L.P., announced the sale of unregistered limited partnership units on June 1, 2026. The sales were part of the funds’ ongoing private offerings and were finalized June 29, 2026 after calculating Transactional NAVs as of May 31, 2026.
• The filing shows BXINFRA U.S. received approximately $292.8 million and the Feeder received approximately $72.1 million from these unit issuances. The broader BXINFRA Fund Program (including parallel Blackstone-managed vehicles) issued interests for about $358.5 million on June 1, 2026 (excluding distribution reinvestments).

Key Details

• BXINFRA U.S. unit sales by class (June 1, 2026): Class I Series I — 6,856,505 units for $205,038,352; Class S — 2,154,121 units for $63,625,855; Class D — 810,379 units for $24,139,000. Total ≈ $292,803,207.
• Feeder unit sales (June 1, 2026) totaled ≈ $72,078,306, including Class I Series I 1,121,878 units for $33,106,636, Class S 678,194 units for $19,772,670, and ACC share classes totaling ≈ $19.2M.
• The Feeder acquired 2,395,650 BXINFRA U.S. Class I Units for roughly $71.6 million to permit tax‑efficient participation by certain investors (e.g., tax‑exempt and non‑U.S. investors).
• Offerings were made only 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

• This filing documents recent fundraising activity for the BXINFRA Fund Program and shows continued capital inflows into Blackstone’s infrastructure vehicles. For existing and prospective limited partners, it signals active private placement issuance priced based on the funds’ Transactional NAVs and conducted under private offering exemptions.
• The use of a feeder vehicle highlights tax‑efficient access for certain investor types; the Reg D/Section 4(a)(2) exemption means these were private placements, not public stock offerings. Investors tracking fund size, capital raises, or ownership dilution in BXINFRA should note the specific amounts and transaction timing disclosed.