Blackstone PE Strategies Fund raises $1.29B, appoints new director, updates portfolio

Blackstone Private Equity Strategies Fund L.P.

Sold $1.29B in unregistered limited partnership units across Class I, S, D.
John Hershey appointed to board; brings experience from Oregon State Treasury.
Amended LPA: leverage limit 30%, quarterly repurchase up to 3% of NAV.
Portfolio: 17 investments plus $1.27B future commitments across various industries.
Administration fee set at 0.10% of NAV in new Investment Management Agreement.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

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Appointed

John Hershey

Director

Blackstone Private Equity Strategies Fund L.P.

Effective: 2024-01-02
Filed: January 8, 2024, 6:59 PM ET

On January 2, 2024, the General Partner appointed John Hershey to the Fund’s board of directors (the “Board”) and the Board appointed Mr. Hershey to the Board’s Audit Committee.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Hershey was appointed as Director at Blackstone Private Equity Strategies Fund L.P..

Action: appointed
Role: Director

Exact text from the filing

On January 2, 2024, the General Partner appointed John Hershey to the Fund’s board of directors (the “Board”) and the Board appointed Mr. Hershey to the Board’s Audit Committee.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Blackstone Private Equity Strategies Fund L.P.: Entered into an amended limited partnership agreement with changes to leverage limit, exculpation, independent director requirement, and repurchase program (effective 2024-01-02).

Change: bylaw amendment
Effective: 2024-01-02

Exact text from the filing

On January 2, 2024, the Fund entered into an Amended and Restated Limited Partnership Agreement (the “A&R LPA”), with the General Partner, and each of the Fund’s limited partners.

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Source: SEC EDGAR

accession 0001193125-24-003923

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