Blackstone Private Equity Strategies Fund Director John D. Hershey Receives Award

What Happened

• John D. Hershey, a director of Blackstone Private Equity Strategies Fund L.P., was granted 2,050.541 Class I Limited Partnership units on July 22, 2026. The units were awarded as compensation (transaction code A) at a reported price of $0.00, so no cash was paid for the award.

Key Details

• Transaction date: July 22, 2026; filing date: July 24, 2026 (filed within the typical 2-business-day Form 4 window).
• Awarded units: 2,050.541 Class I Limited Partnership Units; price per unit reported $0.00; reported total value $0.
• Vesting: The award fully vests on July 1, 2027 (see footnote in filing).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Transaction type: Award/grant (compensation), not a market purchase or sale.

Context

• This was a compensation grant that vests in the future, not an outright purchase or sale. Such awards are routine for executives/directors and do not by themselves signal a buy or sell decision. The units may align the director’s interests with limited partners but are subject to the stated vesting schedule.