Blackstone private equity fund raises $694 million via private unit sales

Blackstone Private Equity Strategies Fund raised $694.3 million through unregistered private sales of limited partnership units, as disclosed in a Tuesday SEC filing. The transactions closed with final unit counts set for the day. The main fund collected $527.9 million on September 1, including 8.3 million Class I-Series I units at $331.6 million and 5 million Class S units at $194.2 million. A separate feeder fund for tax-exempt and non-U.S. investors raised $166.4 million, with per-unit net asset values ranging from $31.32 to $39.75 as of August 31. The units were sold via ongoing private placements to accredited investors and qualified purchasers, exempt from registration. The total BXPE Fund Program net asset value stood at approximately $27.6 billion as of August 31, with $19.3 billion attributed to BXPE.