Blackstone Private Equity Strategies Fund Director Vandecruze Receives Award

What Happened
Grace Vandecruze, a director of Blackstone Private Equity Strategies Fund L.P., was granted 1,922.382 Class I Limited Partnership Units on July 22, 2026. The units were issued at $0.00 (total reported value $0) as a compensation award (transaction code A).

Key Details

• Transaction date: 2026-07-22 (reported on Form 4 filed 2026-07-24). Filing appears timely (within the Form 4 two-business-day requirement).
• Security: Class I Limited Partnership Units — 1,922.382 units granted. Price per unit: $0.00; total reported value: $0.
• Vesting: Footnote F1 — the award fully vests on July 1, 2027.
• Ownership after transaction: Not reported on the provided Form 4 details.
• Footnote F2: The reported interest represents an indirect interest through an underlying investment in Blackstone Private Equity Strategies Fund (TE) L.P., which holds Class I units of the issuer.
• Transaction code: A = Award/Grant (compensation), not a purchase or sale.

Context
This was a compensation grant to a director, not an open-market purchase or sale; such awards are common for director compensation and do not by themselves indicate a buy/sell sentiment. The units vest over time (fully vesting 7/1/2027), so they are subject to future vesting conditions.