Blackstone Private Equity Strategies Fund (TE) L.P. Form 8-K — Oct 2, 2026
Blackstone Private Equity Strategies Fund L.P. and its feeder (TE) fund filed an 8-K on October 2, 2026 disclosing structural amendments effective October 1, 2026. The Funds redesignated existing Class S, D and N Units as Series I Units and designated new unit series, including Class I-Series IV and 'E' series units, to support a continuous private offering to accredited investors and qualified purchasers under Rule 506(b). Alongside the redesignation, the general partner amended both limited partnership agreements and the investment management agreement with Blackstone Private Investments Advisors L.L.C.
Key figures
- Hurdle rate
- 5% annualized IRR
- Carry series I
- 12.5%
- Administration fee
- 0.10%
- Management fee series E
- 1.18%
- Minimum account balance
- $500
- Early redemption deduction
- 5%
- Quarterly redemption limit
- 3% of outstanding Units
- Carry series E and II III IV
- 11.5%
- Management fee class I series II
- 1.15%
- Management fee class I series IV
- 0.95%
- Management fee class I series III
- 1.05%
- Management fee class I series I S D N
- 1.25%
AI analysis
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