Blackstone Private Equity Strategies Fund L.P. Sells ~$694.3M Unregistered Units

What Happened
Blackstone Private Equity Strategies Fund L.P. (BXPE U.S.) and its feeder vehicle, Blackstone Private Equity Strategies Fund (TE) L.P. (the Feeder), announced on an 8‑K that they sold unregistered limited partnership units on September 1, 2026. The two funds raised approximately $527.9 million (BXPE U.S.) and $166.4 million (the Feeder), for combined proceeds of about $694.3 million. The number of units sold was finalized on September 29, 2026 after calculating each fund’s transactional NAV as of August 31, 2026.

Key Details

• BXPE U.S. proceeds: $527,888,389 from unit sales, including 8,346,695 Class I Series I units ($331,566,925) and 4,999,999 Class S units ($194,171,464). Smaller sales included Class D (29,215 units, $1,150,000) and Class N (31,928 units, $1,000,000).
• Feeder proceeds: $166,408,001, including 1,663,626 Class I Series I units ($65,386,168) and 2,586,925 Class S units ($99,401,833); Class D sales totaled $1,620,000.
• The Feeder purchased 4,136,414 BXPE U.S. Class I units for about $164.3 million to allow tax‑sensitive investors (e.g., tax‑exempt and non‑U.S. investors) to participate more tax efficiently.
• The BXPE Fund Program (BXPE plus parallel vehicles, excluding BXPE Lux) issued interests on September 1, 2026 for aggregate consideration of approximately $890.1 million.
• Offerings were made in continuous private offerings to investors who are both accredited investors and qualified purchasers and were exempt from registration under Section 4(a)(2) and Regulation D.

Why It Matters
This filing documents a significant private capital raise by the BXPE fund structure, increasing invested capital and reflecting continued demand from accredited and qualified institutional investors. For retail investors tracking the fund or related Blackstone products, the issuance may affect the fund’s assets under management and NAV per unit calculations (since unit counts were finalized after a transactional NAV). The use of a feeder vehicle highlights tax‑efficient structuring to accommodate different investor types. The sales were private and exempt from public registration, so they do not represent a public share offering.