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Blackstone Private Equity Strategies (BXPE)
Key Statistics
Fund Size
$25,000M
Target Return
16.0%
Annualized Return
16.9%
Launch Year
2024
Min. Investment
€25,000
Availability
Open for public
Structure
Delaware Statutory Trust
Product Category
Open-end
Domicile
United States
GP Type
Single
Liquidity Level
Medium (1-5 years)
Management Fee
1.25%
Carry
12.5%
Hurdle Rate
5%
High Water Mark
Yes
Catch-Up Mechanism
100% catch-up
Currencies
USD
Investor Eligibility
Accredited Investor
Liquidity Options
Quarterly redemptions up to 3% of NAV
Highlights
US Fund Metrics
Distribution Frequency
Quarterly
Redemption Notice
60 days
Tax Form
1099
Liquidity Terms
Quarterly with 5% redemption cap
Allocations
Investment Strategy
Industry Focus
Historical Performance
Performance Summary
Class I-A — Performance from 2024-01-02 to 2025-08-31
Performance Comparison
August
1.7%
Year to Date
11.5%
1-Year Return
17.3%
Annualized Since Inception
16.9%
Monthly Total Returns
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.7% | 1.2% | 1.9% | 1.2% | 1.5% | 1.3% | 1.4% | 1.7% | — | — | — | — | 11.5% |
| 2024 | 1.8% | 0.6% | 1.2% | 0.9% | 0.7% | 1.9% | 0.5% | 2.5% | 1.2% | 0.9% | 1.7% | 1.4% | 16.2% |
Historical NAV Per Share
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $29.28 | $29.62 | $30.20 | $30.55 | $31.02 | $31.43 | $31.85 | $32.40 | — | — | — | — |
| 2024 | $25.44 | $25.61 | $25.91 | $26.13 | $26.31 | $26.81 | $26.93 | $27.61 | $27.93 | $28.18 | $28.66 | $29.06 |
Information about fund
The $25 Billion Evergreen
Blackstone Private Equity Strategies Fund (BXPE) is Blackstone’s evergreen private equity fund for US accredited investors, launched in January 2024 and the fastest-growing vehicle of its kind: net asset value passed $25 billion within ten quarters, from $18 billion at the end of 2025. About 70% of the portfolio mirrors deals in Blackstone’s flagship private equity funds and the rest is independent transactions. Over the past year the fund returned a net 20%, roughly 30% of it from artificial-intelligence-related investments, for an annualised 16.9% since inception. Fundscouter’s record shows a 1.25% management fee and a 12.5% performance fee, with quarterly repurchases of up to 5% of NAV.
Key Figures (Q2 2026)
Net Asset Value
$25B+
$18B at end-2025
Since Inception
16.9% p.a.
Jan 2024; last year +20% net
Portfolio
70% flagship
Mirrors Blackstone PE funds
Fees
1.25% + 12.5%
Per record
Liquidity
Quarterly
Up to 5% of NAV
Investors
US accredited
Launched Jan 2024
Deepdive & Related Funds
Blackstone Private Equity Strategies (BXPE): Comprehensive Fund Analysis and Deep Dive
Deep dive analysis of Blackstone Private Equity Strategies (BXPE), the evergreen fund providing institutional private equity access to retail investors.
Blackstone ECRED
Blackstone European Private Credit Fund (ECRED) is Blackstone’s evergreen European direct-lending vehicle: a Luxembourg SICAV launched in October 2022 that originates floating-rate, first-lien senior secured and unitranche loans to upper-mid-market European companies. €2.5 billion across 243 investments as of February 2026, 8.7% annualized net return since inception (A-A EUR), monthly subscriptions and gated monthly redemptions from €25,000.
This fund profile is verified and managed by Blackstone on Fundscouter