Tender Offer - Blackstone Private Equity Strategies Fund L.P.
Form Type: SC TO-I/A
Filing Date: 2025-05-06
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525113843
Filing Summary: The document is a final amendment to the issuer tender offer statement filed by Blackstone Private Equity Strategies Fund L.P. The tender offer was originally published on January 2, 2025, and sought to purchase up to 4,948,211 of its outstanding limited partnership units at their net asset value as of March 31, 2025. The offer expired on February 3, 2025, with a total of 133,171 units validly tendered. The Fund accepted 100% of the validly tendered units. Payment for the units was made via non-interest bearing, non-transferable promissory notes to the tendering Unitholders totaling $3,789,955.22. The repurchase prices for Class S and Class I units were $27.89 and $28.79 per unit, respectively, with a weighted average repurchase price of $28.46 per unit. This final amendment reports the results of the offer and confirms that no changes were made to the previously reported information.
Additional details:
Class Of Securities: Class I, Class D and Class S Limited Partnership Units
Total Units Tendered: 133,171
Class I Units Tendered: 84,016
Class S Units Tendered: 49,155
Net Asset Value Tendered: $3,935,982.52
Payment Total: $3,789,955.22
Repurchase Price Class I: $28.79
Repurchase Price Class S: $27.89
Weighted Average Repurchase Price: $28.46
Form Type: SC TO-I
Filing Date: 2025-04-01
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525069707
Filing Summary: Blackstone Private Equity Strategies Fund L.P. filed a tender offer statement on April 1, 2025, to purchase up to 5,978,030 of its limited partnership units from unitholders by April 30, 2025. The offer includes Class I, Class D, and Class S units, totaling approximately 3% of the outstanding units as of March 31, 2025, which were 199,267,653 in total (118,959,201 Class I, 2,522,224 Class D, and 77,786,228 Class S). The purchase will be executed at the net asset value as of June 30, 2025. Unitholders will receive a promissory note for the accepted units, and the fund's investment manager is Blackstone Private Investments Advisors L.L.C.
Additional details:
Class Title: Class I Units
Class Title: Class D Units
Class Title: Class S Units
Total Units Outstanding: 199267653
Class I Units: 118959201
Class D Units: 2522224
Class S Units: 77786228
Offer Amount: 5978030
Expiration Date: 2025-04-30
Valuation Date: 2025-06-30
Unitholders Right To Participate: Yes
Form Type: SC TO-I/A
Filing Date: 2025-02-04
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525020074
Filing Summary: Blackstone Private Equity Strategies Fund L.P. filed a Final Amendment to the Issuer Tender Offer Statement on Schedule TO, reporting the results of its tender offer initiated on October 1, 2024. The tender offer aimed to purchase up to 4,106,867 outstanding units of the Fund, classified as Class I, Class D, and Class S limited partnership units, at a price equal to the net asset value per unit as of December 31, 2024. The offer expired on October 31, 2024, with 19,879 units validly tendered and accepted for purchase at a total net asset value of $563,393.41. Payment to unitholders whose tenders were accepted was made by non-interest-bearing, non-transferable promissory notes, with a total payment of $549,183.44 executed on February 4, 2025. Class S units were repurchased at $28.22 each, and Class I units at $27.05. The weighted average repurchase price for the tendered units was $27.63.
Additional details:
Date Tender Offer First Published: 2024-10-01
Offer Expiration Date: 2024-10-31
Units Validly Tendered: 19879
Accepted Units Percentage: 100%
Net Asset Value Units Tendered: 563393.41
Total Payment To Unitholders: 549183.44
Price Class S Unit: 28.22
Price Class I Unit: 27.05
Weighted Average Price Repurchase: 27.63
Form Type: SC TO-I
Filing Date: 2025-01-02
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525000146
Filing Summary: Blackstone Private Equity Strategies Fund L.P. is initiating a tender offer for its Class I, Class D, and Class S limited partnership units. The offer is set to purchase up to 4,948,211 units from unitholders at net asset value as of March 31, 2025, with the offer scheduled to expire on February 3, 2025. The maximum offer amount represents approximately 3% of the units outstanding as of December 31, 2024. Unitholders who submit units that are accepted will receive promissory notes reflecting the value of their tendered units. The fund is organized as a Delaware limited partnership and is exempt from registration under the Investment Company Act. All eligible unitholders, including those from a feeder fund, may participate under the same terms. The filing is made to satisfy the reporting requirements of the SEC regarding tender offers.
Additional details:
Class Of Securities: Class I, Class D and Class S Limited Partnership Units
Cusip Numbers: 09262A 309, 09262A 200 and 09262A 101
Total Units Outstanding: 164,940,353
Tender Offer Expiration: 2025-02-03
Units Tendered: 4,948,211
Percentage Of Outstanding Units: 3%
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