Key Takeaways
- • Blackstone Private Equity Strategies Fund L.P. and its TE parallel vehicle combined to complete unregistered unit sales raising approximately $545.4 million, per a filing with the Securities and Exchange Commission.
- • The main fund sold units for about $408.4 million and Blackstone Private Equity Strategies Fund (TE) L.P. sold units for about $137.0 million, with the sales dated October 1.
- • Transactional net asset value as of September 30 stood at roughly $19.9 billion for the Blackstone Private Equity Strategies Fund, and about $28.5 billion across the broader BXPE Fund Program.
- • Units were sold through private placements to accredited investors and qualified purchasers under Section 4(a)(2) and Regulation D, and are not listed or publicly traded.
Summary
Blackstone Private Equity Strategies Fund L.P. and Blackstone Private Equity Strategies Fund (TE) L.P. reported the completion of unregistered sales of limited partnership units raising a combined total of approximately $545.4 million, according to a statement filed with the Securities and Exchange Commission on Thursday. The filing shows that on October 1, the main fund sold units for total consideration of about $408.4 million, while the TE vehicle sold units for approximately $137.0 million.
The units were offered through private placements to accredited investors and qualified purchasers, exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act. The number of units sold was finalized on Thursday after the calculation of transactional net asset values as of September 30. For the main fund, the transactional net asset value per unit was $39.91 for Class I-Series I, $39.95 for Class I-Series III, $38.99 for Class S, $39.54 for Class D, and $31.46 for Class N. For the TE vehicle, the corresponding values were $39.48 for Class I-Series I, $38.57 for Class S, and $35.17 for Class D.
As of September 30, the aggregate transactional net asset value for Blackstone Private Equity Strategies Fund was approximately $19.9 billion, while the broader BXPE Fund Program, including parallel vehicles, was valued at about $28.5 billion. The units were not listed on any exchange and carry no trading symbols, and both funds are Delaware limited partnerships that are not publicly traded. The sales were part of the funds' ongoing private offerings.
The units were offered through private placements to accredited investors and qualified purchasers, exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act. The number of units sold was finalized on Thursday after the calculation of transactional net asset values as of September 30. For the main fund, the transactional net asset value per unit was $39.91 for Class I-Series I, $39.95 for Class I-Series III, $38.99 for Class S, $39.54 for Class D, and $31.46 for Class N. For the TE vehicle, the corresponding values were $39.48 for Class I-Series I, $38.57 for Class S, and $35.17 for Class D.
As of September 30, the aggregate transactional net asset value for Blackstone Private Equity Strategies Fund was approximately $19.9 billion, while the broader BXPE Fund Program, including parallel vehicles, was valued at about $28.5 billion. The units were not listed on any exchange and carry no trading symbols, and both funds are Delaware limited partnerships that are not publicly traded. The sales were part of the funds' ongoing private offerings.
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