Blackstone Private Equity Strategies Fund SICAV

BXPE

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Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

Legal Name:

Blackstone Private Equity Strategies Fund SICAV

Manager:

Blackstone

Website:

https://www.blackstone.com/

Fundraising Status:

Open

Domicile:

Luxembourg

Legal Form:

Lux SICAV (S.A.)

Regulatory Regimes:

Lux UCI (Part II)

Term:

Perpetual-Life

Base Currency:

USD

Launch Year:

2024

Inception Date:

Feb 1, 2024

Size:

$6.4B (as of Feb 28, 2026)

No. of Investments:

140 (as of Mar 20, 2026)

Administrator:

CACEIS Bank, Luxembourg branch

Investor Eligibility Segments:

Institutional, Professional / Accredited, Retail

Permitted Distribution Countries:

Abu Dhabi Global Market (ADGM), Australia, Austria, Belgium, Bulgaria

Strategy

BXPE invests primarily in privately negotiated, equity‑oriented private equity positions globally, diversified across sectors such as software, consumer, business services, financials and healthcare. Exposure is implemented through direct investments, secondaries and primary fund commitments, complemented by a smaller sleeve in debt and other securities. The portfolio spans corporate, growth and opportunistic strategies, reflecting Blackstone’s high‑conviction themes including digitization and innovation in healthcare and life sciences.

Asset Classes:

Private Equity

Strategy:

Diversified (PE)

Underlying Investment Type:

Direct investments, Secondaries

Geographic Focus Region:

Global

Geographic Focus:

North America, EMEA, APAC

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

Software, Consumer, Business Services, Media & Entertainment, Financial Services, Healthcare, Technology & Services, Industrials, Infrastructure, Specialty Finance

Leverage Limits Summary:

Fund-level leverage capped at 30% of total assets; AIFMD maximum exposure 500% gross / 400% commitment of NAV.

Investment Limits Summary:

No more than 20% of NAV per Investment; no more than 50% of NAV committed to Primary Commitments.

Performance

for I-A USD share class

Total Returns (% Net of Fees)

Net returns (since inception)	I-A USD
Total Return	41.3%
Annualized Return	17.4%
Best Month	(Jan 2026)3%
Worst Month	(Feb 2026)0.1%
Risk metrics (since inception)
Volatility	2.2%
Sharpe Ratio (4.3% risk-free)	5.88

Yearly returns (since inception)

Allocations

Strategy allocation

Strategy

as of Feb 28, 2026Include liquidity sleeve

Target

Strategy

as of Feb 28, 2026

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Strategy

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Asset Class allocation

Asset Class

as of Feb 28, 2026Include liquidity sleeve

Target

Asset Class

as of Feb 28, 2026

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Over time

Asset Class

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Sector allocation

Sector

as of Feb 28, 2026Include liquidity sleeve

Target

Sector

as of Feb 28, 2026

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Over time

Sector

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Geography allocation

Geography

as of Feb 28, 2026Include liquidity sleeve

Target

Geography

as of Feb 28, 2026

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Geography

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Key terms

for I-A USD share class

Share Class

Minimum Subsribtion:

$25,000

Currency:

USD

Inception Date:

Jan 2, 2024

Distribution Type:

Accumulating

Investor Type:

Institutional

Liquidity

Gate:

3% of aggregate NAV across parallel entities per calendar quarter.

Gate Level:

Aggregate NAV

Redemption Frequency:

Quarterly

Redemption Basis:

NAV per Share as of the last calendar day of the quarter

Subscribtion Frequency:

Monthly

Subscribtion Basis:

NAV per Share as of the end of the immediately preceding month

Fees

Management Fee:

1.25%

Payable monthly

Management Fee Basis:

NAV

Before accruals for management, servicing and performance fees and related taxes/FX items

Performance Fee:

12.50%

5% annual hurdle; 100% catch-up and high water mark; accrues monthly, paid quarterly; annual loss carryforward and quarterly shortfall clawback; crystallises on calendar year-end and redemptions.

Performance Fee Basis:

Distributions, Change in aggregate NAV

Total Return equals to distributions plus change in aggregate NAV net of Fund Expenses; includes withholding tax; excludes FX and Servicing Fee impact.

Hurdle rate:

5.00%

IRR-based

Catch-up:

100.00%

100% catch-up until Recipient has 12.5% of Hurdle Amount plus catch-up; thereafter 12.5%

Front load (subscription):

0.00%

Intermediary upfront commissions/placement fees may apply outside the fund.

Back load (redemption):

5.00%

If redeemed within 24 months of subscription.

Servicing fee:

0.00%

Management Fee:	1.25%	Payable monthly
Management Fee Basis:	NAV	Before accruals for management, servicing and performance fees and related taxes/FX items
Performance Fee:	12.50%	5% annual hurdle; 100% catch-up and high water mark; accrues monthly, paid quarterly; annual loss carryforward and quarterly shortfall clawback; crystallises on calendar year-end and redemptions.
Performance Fee Basis:	Distributions, Change in aggregate NAV	Total Return equals to distributions plus change in aggregate NAV net of Fund Expenses; includes withholding tax; excludes FX and Servicing Fee impact.
Hurdle rate:	5.00%	IRR-based
Catch-up:	100.00%	100% catch-up until Recipient has 12.5% of Hurdle Amount plus catch-up; thereafter 12.5%
Front load (subscription):	0.00%	Intermediary upfront commissions/placement fees may apply outside the fund.
Back load (redemption):	5.00%	If redeemed within 24 months of subscription.
Servicing fee:	0.00%

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
I-A USD	25,000 USD	USD	2024-01-02	Accumulating	Institutional	-	-
Class B eg	250,000 EUR	EUR	15 Mar 2018	Accumulating	Institutional	LU1987654321	FUND B LX
Class C Example	500,000 USD	USD	01 Jun 2019	Distributing	Professional	IE0123456789	FUND C ID
Class D eg.	100,000 GBP	GBP	22 Sep 2020	Accumulating	Institutional	GB00ABCDEF12	FUND D LN
Class E Example	25,000 EUR	EUR	03 Jan 2021	Distributing	Retail	LU9988776655	FUND E LX
Class F Example	1,000,000 USD	USD	10 Nov 2017	Accumulating	Institutional	US1234567890	FUND F US

FAQ

What is Blackstone Private Equity Strategies Fund SICAV?

Blackstone Private Equity Strategies Fund SICAV is an evergreen Lux UCI fund focused on Private Equity and managed by Blackstone.

Who manages Blackstone Private Equity Strategies Fund SICAV?

Blackstone Private Equity Strategies Fund SICAV is managed by Blackstone, based in New York, New York, United States.

How big is Blackstone Private Equity Strategies Fund SICAV?

Blackstone Private Equity Strategies Fund SICAV has a size of $6.4B.

What type of fund is Blackstone Private Equity Strategies Fund SICAV?

Blackstone Private Equity Strategies Fund SICAV is an open-ended / evergreen Lux UCI fund investing in private equity and domiciled in Luxembourg.

When was Blackstone Private Equity Strategies Fund SICAV launched?

Blackstone Private Equity Strategies Fund SICAV was launched on Feb 1, 2024 and is structured as a Lux SICAV (S.A.) vehicle with a perpetual-life term.

Where is Blackstone Private Equity Strategies Fund SICAV domiciled and regulated?

Blackstone Private Equity Strategies Fund SICAV is domiciled in Luxembourg under Lux UCI (Part II).

Data transparency

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How does Borgline ensure data accuracy?

Borgline's analyst team cross-checks key figures across independent documents and updates the database only when data is confirmed against the latest, most authoritative disclosures.

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