Private company

Blackstone Private Equity Strategies Fund L.P.

Blackstone Private Equity Strategies Fund L.P. is a private equity fund that raised $11.5 billion in 2024 (SEC Form D).2 It is headquartered in New York, United States.2

Last updated Oct 20, 2026.

Overview

$1.3BNet income, fiscal 20253
  • HeadquartersNew York, United States2
  • Incorporated inDE4
  • Business address345 Park Avenue, 40Th Floor, New York, Ny 101544
  • Filer category, Emerging growth company4
  • Legal formLimited Partnership2
  • Kind of organizationPrivate equity fund2
  • LEI5493002UI4ED6Z9BW3062
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00019300542

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We are conducting a continuous private offering of our Units in reliance on exemptions from the registration requirements of the Securities Act to investors that are both (a) accredited investors (as defined in Regulation D under the Securities Act) and (b) qualified purchasers (as defined in the 1940 Act and rules thereunder). BXPE is structured as a perpetual-life strategy, with monthly, fully funded subscriptions and periodic redemptions, which we believe enables investors to better manage exposure to the private equity asset class.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income3$1.3B in 2025
0$500.0M$1.0B$1.5B2023: $0$020232024: $411.9M$411.9M20242025: $1.3B$1.3B2025+204%
Fiscal year2022202320242025
Operating expenses$03$2.5M3$2.3M3
Net income$03$411.9M3$1.3B3

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What it owns

What Blackstone Private Equity Strategies Fund L.P. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.0M3 Dec 31, 2025$1.6M3 Dec 31, 2024+21.6%

Properties, in its own words

The Registrants do not own any real estate or other physical properties materially important to their operation. The Registrants’ corporate headquarters are located at 345 Park Avenue, New York, New York, 10154, and are provided by the Sponsor. The Registrants believe that their office facilities are suitable and adequate for their business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 13, 2026.5

Leadership

Who has led Blackstone Private Equity Strategies Fund L.P., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Viral Patel2024–now

Chair

  1. Christopher James2024–now

President

  1. Thomas M. Morrison2022
  2. Todd J. Hirsch2022–2024

Chief financial officer

  1. Christopher Striano2022–2024

Chief operating officer

  1. Zuben Heather Von2022
  2. Susanne Desch2023–2024
  3. Matthew Bucci2025
2025
Board members and other officers (9)

Timeline

  1. Oct 2, 20268-K Entered a material agreement; Bylaws or fiscal year changed30
  2. Sep 29, 20268-K Unregistered sale of shares; Regulation FD disclosure31
  3. Aug 28, 20268-K Unregistered sale of shares; Regulation FD disclosure32
  4. Jul 23, 20268-K Unregistered sale of shares; Regulation FD disclosure33
  5. Jun 29, 20268-K Unregistered sale of shares; Regulation FD disclosure34
  6. May 29, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares35
  7. Apr 23, 20268-K Unregistered sale of shares; Regulation FD disclosure36
  8. Mar 26, 20268-K Unregistered sale of shares; Regulation FD disclosure37
  9. Feb 27, 20268-K Unregistered sale of shares; Regulation FD disclosure38
  10. Jan 29, 20268-K Unregistered sale of shares; Regulation FD disclosure39
  11. Jan 2, 20268-K Entered a material agreement; Executive or director change; Bylaws or fiscal year changed40
  12. Dec 29, 20258-K Unregistered sale of shares; Regulation FD disclosure41
  13. Apr 8, 2024New chief executive Viral Patel becomes CEO13
  14. Apr 5, 2022Founded Blackstone Private Equity Strategies Fund L.P. is founded2

Filings

143 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 39 major events, 57 insider forms, 8 private raises, 23 other. The latest 20:

  1. Oct 9, 2026D/A EDGAR
  2. Oct 2, 20268-K EDGAR
  3. Oct 1, 20264 EDGAR
  4. Oct 1, 20264 EDGAR
  5. Oct 1, 20264 EDGAR
  6. Sep 29, 20268-K EDGAR
  7. Aug 28, 20268-K EDGAR
  8. Aug 28, 20264 EDGAR
  9. Aug 13, 202610-Q EDGAR
  10. Jul 24, 2026D/A EDGAR
  11. Jul 24, 20264 EDGAR
  12. Jul 24, 20264 EDGAR
  13. Jul 24, 20264 EDGAR
  14. Jul 24, 20264 EDGAR
  15. Jul 23, 20268-K EDGAR
  16. Jul 1, 20264 EDGAR
  17. Jul 1, 20264 EDGAR
  18. Jul 1, 20264 EDGAR
  19. Jun 29, 20268-K EDGAR
  20. May 29, 20268-K EDGAR

The 143 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

23 open-market trades by officers, directors and large owners since October 2021: 23 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 28, 2026Patel ViralChief Executive OfficerBuy51,084$39.15$2.0MForm 4
Jun 29, 2026James Christopher J.ChairpersonBuy460$38.07$17.5KForm 4
Jun 29, 2026Solotar JoanDirectorBuy4,544$38.07$173.0KForm 4
Jun 29, 2026Morrison Thomas MPresidentBuy79$38.07$3.0KForm 4
Apr 23, 2026James Christopher J.ChairpersonBuy2,892$36.14$104.5KForm 4
Apr 23, 2026Morrison Thomas MPresidentBuy221$36.14$8.0KForm 4
Apr 23, 2026Solotar JoanDirectorBuy4,247$36.14$153.5KForm 4
Mar 26, 2026Patel ViralChief Executive OfficerBuy27,985$35.73$999.9KForm 4
Jan 2, 2026Solotar JoanDirectorBuy3,300$34.16$112.7KForm 4
Jan 2, 2026James Christopher J.ChairpersonBuy3,792$34.16$129.5KForm 4
Oct 22, 2025KATZKE SUSAN ROTHDirectorBuy1,545$32.37$50.0KForm 4
Sep 29, 2025Vandecruze GraceDirectorBuy15,424$32.12$495.4KForm 4
May 29, 2025Patel ViralChief Executive OfficerBuy33,299$30.03$1.0MForm 4
Nov 27, 2024KATZKE SUSAN ROTHDirectorBuy9,058$27.60$250.0KForm 4
May 29, 2024Patel ViralChief Executive OfficerBuy38,906$25.70$999.9KForm 4
May 29, 2024Morrison Thomas MPresidentBuy29,180$25.70$749.9KForm 4
Jan 2, 2024Solotar JoanDirectorBuy200,000$25.00$5.0MForm 4
Jan 2, 2024Striano ChristopherChief Financial OfficerBuy2,000$25.00$50.0KForm 4
Jan 2, 2024Morrison Thomas MPresidentBuy10,000$25.00$250.0KForm 4
Jan 2, 2024Desch SusanneChief Operating OfficerBuy1,000$25.00$25.0KForm 4

All 23 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jan 2, 2024Raised $11.5 billion in a private offering of debt Form D: 28,300 investors so far Form D

SEC filer profile

How Blackstone Private Equity Strategies Fund L.P. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBlackstone Private Equity Strategies Fund L.P.1
  • CIK0001930054
  • Employer ID (EIN)88-18721565
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Business address345 Park Avenue, 40Th Floor, New York, NY 101541
  • Phone21258350001
  • Shares outstanding200,427,213 Class I Units shares; 118,749,957 Class S Units shares; 3,761,102 Class D Units shares; 684,206 Class N Units shares; 43,627,295 Blackstone Private Equity Strategies Fund TELP, Class I Units shares; 59,504,004 Blackstone Private Equity Strategies Fund TELP, Class S Units shares; 322,836 Blackstone Private Equity Strategies Fund TELP, Class D Units shares as of Feb 28, 20265
  • Public float$0 as of Dec 31, 20253
  • AuditorDELOITTE & TOUCHE LLP, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceMay 23, 20221
  • Filings146 in all: 4 (41), 8-K (39), 3 (16), 10-Q (12), IRANNOTICE (9), D/A (7), SC TO-I (6), SC TO-I/A (6)1
    All 14 form types

    10-K (4), 40-APP/A (2), 10-12G (1), 10-12G/A (1), 40-APP (1), D (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Latest 8-K (8-K) Oct 2, 2026

Risk factors and legal proceedings

The risks Blackstone Private Equity Strategies Fund L.P. names in Item 1A of its 10-K filed Mar 13, 2026: 33 risks under these headings, as written.5

  • No Assurance of Investment Return
  • Limited Operating History.
  • Performance Information
  • Lack of Management Rights; Reliance on the Sponsor.
  • Role of Investment Professionals.
  • Broad Investment Mandate.
  • Risk of Certain Events Related to Blackstone.
  • Proxy Statements, Unitholder Proposals and Other Matters.
  • Waiver of Trial by Jury.
  • Exclusive Delaware Jurisdiction.
  • Market Conditions
  • Highly Competitive Market for Investment Opportunities; Operators and Other Investors
The other 24 risks
  • General Economic and Market Conditions
  • Financial Market Fluctuations; Availability of Financing
  • Banking Sector Developments.
  • Custody and Banking Risks.
  • Region Related Risks
  • Economic, Political and Social Risks
  • Regional Risk; Interdependence of Markets
  • Geopolitical Conflicts and Risk
  • Russian Invasion of Ukraine/Sanctions
  • Israel-Hamas War
  • Epidemics / Pandemics.
  • Public Health Emergencies
  • Natural Disasters
  • Weather and Climatological Risks
  • Trade Policy
  • U.S. Outbound Investment Security Program.
  • Hong Kong National Security Law
  • Terrorist Activities
  • Corruption Risk; FCPA
  • Regulatory Approvals; Governmental Support and Budgetary Constraints.
  • Privatization
  • Foreign Investment Controls
  • Foreign Capital Controls
  • Asset Manager in Certain Jurisdictions
  • Legal Framework and Corporate Governance
  • Accounting, Disclosure and Regulatory Standards
  • Potential Collapse of the Euro.
  • Risks Associated with the Euro
  • Data Protection
  • , Information Security and Wider Data
  • Regulations.
  • Investments Outside the United States Generally
  • Local Intermediary Risk.
  • Investments in Emerging Markets and the Asia Pacific Region
  • Australian Investment Structure and Regulatory Review
  • Types of Investments
  • Investments in Open Market Purchases
  • Publicly Traded Securities.
  • Equity and Equity-Related Investments
  • Nature of Debt Securities
  • Covenant-lite
  • Obligations Risk
  • Convertible Securities
  • Access to Information from Portfolio Entities
  • Controlling Interests
  • Investments in Less Established Companies
  • Growth Investments
  • Investments in Junior Securities
  • Investments in Fund Managers and Pooled Investment Vehicles
  • Multiple Levels of Fees and Expenses
  • Illiquid and Long-Term Investments
  • Future Investment Techniques and Instruments
  • Technological, Scientific and Other Innovations
  • Investments in Third-Party Fund Managers and/or Third-Party Pooled Investment Vehicles
  • Attractiveness to Third-Party Fund Managers of an Investment by BXPE
  • Related to Investments in Third-Party Fund Managers and Third-Party Pooled Investment Vehicles.
  • Secondary Investments in Third-Party Pooled Investment Vehicles
  • No Established Market for Secondary Investments; Limited Opportunities
  • Pooled Secondary Investments
  • Importance of Valuation and Acquisition Terms
  • Sector-Specific Investments
  • Investments in Natural Resources and Energy
  • Effects of Ongoing Changes in the Utility Industry
  • Infrastructure Investments.
  • Dependence on Patents, Trademarks and Other Intellectual Property
  • Investments in Real Estate
  • Investments in Debt
  • Investment in Restructurings

Legal proceedings

The Registrants are not currently subject to any pending material legal proceedings. From time to time, the Registrants may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Registrants’ rights under contracts with our portfolio companies. The Registrants may also be subject to regulatory proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

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