Blackstone Private Equity Strategies Fund L.P.: intends to offer new unit series

What happened

• The filing says on Oct 1, 2026, Blackstone Private Equity Strategies Fund L.P. (“BXPE U.S.”) entered into Amendment No. 1 to the Amended and Restated Investment Management Agreement with Blackstone Private Investments Advisors L.L.C. (the “Investment Manager”) to reflect redesignation and designation of new unit series and the management fees applicable to them.
• The filing says the general partner, Blackstone Private Equity Strategies Associates L.P., on Oct 1, 2026, entered into Amendment No. 1 to BXPE U.S.’s Third Amended and Restated Limited Partnership Agreement and Amendment No. 1 to the Feeder’s Second Amended and Restated Limited Partnership Agreement to reflect the same series changes.

Key details

• The filing says the Funds intend to offer and sell new series of existing limited partnership units in a continuous private offering exempt from registration pursuant to Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D to investors who are both accredited investors and qualified purchasers.
• The filing says existing Class S Units were redesignated as Class S-Series I Units, Class D Units as Class D-Series I Units and Class N Units as Class N-Series I Units.
• The filing says new series were designated as: two new Class I series (Class I-Series IV and Class I-Series E), one new Class S series (Class S-Series E), one new Class D series (Class D-Series E), and, for BXPE U.S., one new Class N series (Class N-Series E).
• The filing says the new and redesignated units will be subject to minimum and maximum investment thresholds, additional restrictions including early redemption deductions and/or minimum holding periods, and the Funds’ existing quarterly redemption limitations.
• The filing says each class or series of units is obligated to pay the management fee applicable to its interest in BXPE US Aggregator (CYM) L.P.

Why it may matter

• This report was filed as Item 1.01 (entry into a material definitive agreement) and Item 5.03 (amendments to limited partnership agreements). Item 1.01 covers the Investment Management Agreement Amendment and the intended private offering of new unit series; Item 5.03 covers the corresponding amendments to the funds’ limited partnership agreements reflecting the redesignations and designations.
• The filing does not show why the insider traded or why the company acted.