Blackstone Private Equity Strategies Fund LP
11/27/2024 | Press release | Distributed by Public on 11/27/2024 15:31
Regulation FD Disclosure Form 8 K
| Item 3.02 |
Unregistered Sales of Equity Securities. |
On November 1, 2024, Blackstone Private Equity Strategies Fund L.P. (the "Fund") sold unregistered limited partnership units (the "Units") for aggregate consideration of approximately $243.0 million.1 The following table details the Units sold by the Fund:
| Number of Units Sold(2) | Consideration | |||||||
|
Class I |
5,222,071 | $ | 144,121,840 | |||||
|
Class S |
3,450,263 | $ | 94,551,019 | |||||
|
Class D |
157,943 | $ | 4,350,000 |
| (1) |
The Fund invests alongside other Blackstone-managed vehicles with substantially similar investment objectives and strategies that, together with the Fund, collectively form the BXPE Fund Program. On November 1, 2024, the BXPE Fund Program (inclusive of the Fund) issued interests for aggregate consideration of approximately $383.1 million. |
| (2) |
The number of Units sold by the Fund was finalized on November 27, 2024, following the calculation of the Fund's transactional net asset value ("Transactional NAV") as of October 31, 2024. See Item 7.01 below for more information on the Fund's Transactional NAV. |
The offer and sale of the Units were made as part of the Fund's continuous private offering and were exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) and Regulation D thereunder. Units were sold to third-party investors, including through Blackstone Private Equity Strategies Fund (TE) L.P., a Delaware limited partnership for certain investors with particular tax characteristics, such as tax-exemptinvestors and non-U.S.investors.