Key Takeaways
- • Blackstone Private Equity Strategies Fund L.P. (BXPE U.S.) and its feeder, Blackstone Private Equity Strategies Fund (TE) L.P., completed unregistered sales of limited partnership units totaling approximately $545.4 million, according to a recent SEC filing.
- • BXPE U.S. raised about $408.4 million, while the Feeder raised approximately $137.0 million; the offerings closed on October 1 with unit counts finalized after the September 30, 2026 transactional NAV calculation.
- • The BXPE Fund Program reported total consideration of approximately $974.8 million on October 1, with aggregate transactional NAV of about $19.9 billion for BXPE and roughly $28.5 billion for the full program as of September 30.
- • Units were sold to accredited investors and qualified purchasers under Section 4(a)(2) and Regulation D of the Securities Act of 1933; neither fund is listed on a public exchange.
Summary
Blackstone's Private Equity Strategies Fund L.P. and Blackstone Private Equity Strategies Fund (TE) L.P. disclosed on Thursday that they had completed unregistered sales of limited partnership units totaling approximately $545.4 million, based on a statement from their recent SEC filing, as reported by Investing.com.
On October 1, the funds sold units in private offerings to accredited investors and qualified purchasers. BXPE U.S. accounted for about $408.4 million of the total, while the Feeder, Blackstone Private Equity Strategies Fund (TE) L.P., raised approximately $137.0 million. The Feeder exists to allow certain tax-exempt and non-U.S. investors to participate in BXPE U.S. in a more tax-efficient manner.
The number of units sold was finalized on Thursday following calculation of transactional net asset values as of September 30, 2026. For BXPE U.S., Class I-Series I units carried a transactional NAV of $39.91 per unit, Class S units $38.99, Class D units $39.54, and Class N units $31.46. For the Feeder, Class I-Series I units were valued at $39.48, Class S at $38.57, and Class D at $35.17. The filing notes that transactional NAV sets unit transaction prices and may differ from U.S. GAAP net asset value.
Across the broader BXPE Fund Program, which includes these funds and other parallel Blackstone vehicles, total consideration of approximately $974.8 million was issued on October 1. Aggregate transactional NAV was about $19.9 billion for BXPE and roughly $28.5 billion for the full program as of September 30. The filing was signed by Christopher Striano, Chief Financial Officer. Neither fund has securities registered for trading on a public exchange.
On October 1, the funds sold units in private offerings to accredited investors and qualified purchasers. BXPE U.S. accounted for about $408.4 million of the total, while the Feeder, Blackstone Private Equity Strategies Fund (TE) L.P., raised approximately $137.0 million. The Feeder exists to allow certain tax-exempt and non-U.S. investors to participate in BXPE U.S. in a more tax-efficient manner.
The number of units sold was finalized on Thursday following calculation of transactional net asset values as of September 30, 2026. For BXPE U.S., Class I-Series I units carried a transactional NAV of $39.91 per unit, Class S units $38.99, Class D units $39.54, and Class N units $31.46. For the Feeder, Class I-Series I units were valued at $39.48, Class S at $38.57, and Class D at $35.17. The filing notes that transactional NAV sets unit transaction prices and may differ from U.S. GAAP net asset value.
Across the broader BXPE Fund Program, which includes these funds and other parallel Blackstone vehicles, total consideration of approximately $974.8 million was issued on October 1. Aggregate transactional NAV was about $19.9 billion for BXPE and roughly $28.5 billion for the full program as of September 30. The filing was signed by Christopher Striano, Chief Financial Officer. Neither fund has securities registered for trading on a public exchange.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.