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 June 1, 2026 sale of unregistered limited partnership units as part of their continuous private offerings. The two Funds sold units for aggregate consideration of approximately $820.25 million (BXPE U.S.) and $172.75 million (the Feeder), for a combined total of about $993.0 million. The BXPE Fund Program (including parallel vehicles and excluding BXPE Lux) issued interests totaling approximately $1.2 billion on that date. The final number of units sold for each Fund was confirmed on June 29, 2026 after calculating Transactional NAVs as of May 31, 2026.

Key Details

• BXPE U.S. unit sales by class (selected): Class I Series I — 9,553,436 units for $363,681,173; Class III — 6,567,178 units for $250,000,000; Class S — 4,950,677 units for $184,615,763; total BXPE U.S. consideration $820,249,998.
• Feeder (TE) unit sales by class: Class I Series I — 1,797,582 units for $67,722,177; Class S — 2,799,249 units for $103,335,248; total Feeder consideration $172,747,425.
• The Feeder acquired 4,505,017 BXPE U.S. Class I units for approximately $171.5 million to allow certain investors (e.g., tax-exempt and non‑U.S. investors) more tax-efficient participation.
• The unit sales were made in private offerings 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
This filing notifies investors that Blackstone raised substantial capital—nearly $1.0 billion across the two U.S. funds (and about $1.2 billion across the broader BXPE program)—through private unit sales. For retail investors, the key takeaways are that the funds continue to attract large commitments from qualified investors, the transactions were completed through exempt private offerings (not registered public offerings), and final unit counts were tied to Transactional NAVs as of May 31, 2026. These fundraisings affect capital available for investments but do not represent a public equity issuance or change in executive management.