Fund database › Private Equity
BlackstoneLU2480033757Class I-A-USD
The Blackstone Private Equity Strategies Fund extends Blackstone's institutional PE platform into a Luxembourg Part II SICAV: buyouts, secondaries and co-investments focused on North America and Asia, launched in 2024, in an aggregator structure with parallel vehicles.
Monthly subscription; quarterly redemption — expected, but expressly not guaranteed. The redemption limit is measured not per sub-fund but in aggregate across all parallel vehicles; a soft lock makes redemptions more expensive in the first two years. The recommended holding period is eight years.
Subscription from EUR 25,000, exclusively for professional investors — the prospectus expressly excludes EEA retail investors. Not registered for retail distribution in Germany.
The access vehicle to the world's largest alternatives platform — but deliberately not a retail product: retail investors looking for Blackstone must turn to other wrappers. The cross-vehicle gate measurement is unique in the field and makes actual liquidity harder to predict than under the ELTIF standard.
Figures for class I-A-USD (LU2480033757) · product data 9 Oct 2026 · sources: prospectus (as at 1 Aug 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Jan 2024, the unit price has gained 17.6% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
32 monthly values · Source: price feed / provider document · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results.
What the prospectus permits: Privately negotiated, equity-oriented investments through direct/co-investments, secondaries and primary commitments (max. 50% of NAV); corporate buyout, growth equity, hybrid capital, opportunistic.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
160 holdings; the largest are AI Fire, Air Control Concepts, AirTrunk. 8.0% is held in the liquidity reserve — enough for 8 months of maximum redemptions.
Among the ten largest: 10 equity holdings.
AI Fire is a US fire protection and life safety services provider that inspects, maintains, repairs and installs fire alarm, sprinkler and suppression systems.
Air Control Concepts is a US buy-and-build platform for commercial heating …
AirTrunk (Sydney) is the largest data center platform in the Asia-Pacific region, operating hyperscale campuses in Australia, Japan …
Champions Group is a US platform for essential home services such as HVAC, plumbing, electrical and insulation for residential customers.
Enverus provides SaaS, data and analytics solutions for the energy industry, covering oil and gas, power and renewables, for uses such as exploration, trading and risk management.
U.S. medical technology group focused on women's health, headquartered in Marlborough, Massachusetts: diagnostic systems, breast imaging (mammography) …
U.S. fast-casual sub sandwich franchisor headquartered in Manasquan, New Jersey, with more than 3,000 locations, most of them run by franchisees.
Smartsheet operates a cloud-based work and project management platform that companies use to plan, automate and track workflows.
Anthropic, PBC (San Francisco) is an AI company founded in 2021 that develops the Claude family of language models and offers them to businesses and consumers through its own applications …
VaxCare is a US provider of vaccine management solutions based in Orlando (Florida).
Positions and shares according to the provider; weights of the holdings are not reported; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2%, class I-A-USD is well below the median of the asset class (2.60%). On top comes a performance fee of 12.50% above a hurdle of 5% — with a high-water mark.
For 25,000 USD this means roughly 500 USD per year.
For 25,000 USD, a one-off up to 875 USD on purchase and up to 1,250 USD on redemption.
Based on the PRIIPs key information document of class I-A-USD, hence comparable across providers. Median: 35 Private Equity funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV at the end of the previous month — it is not known when the order is placed.
KYC/AML check a condition of acceptance, hence 4 business days before the Subscription …
the notice period may be waived by the SICAV (unless waived).
Price = NAV at the end of the previous month.
NAV as at the last calendar day of the month, available by the 20th business day of the …
pre-funding: 4 business days before dealing day
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Dealing day | 1st calendar day of the month |
| Cut-off | 4 business days before dealing day · 17:00 CET · (before the anchor date) |
| Price | previous month-end |
| NAV publication | NAV as at the last calendar day of the month, available by the 20th business day of the following month |
| Payment | pre-funding: 4 business days before dealing day |
| Minimum investment | 25000 USD |
| KYC / documents | KYC/AML check a condition of acceptance, hence 4 business days before the Subscription Date |
| Revocation | Revocation until 17:00 CET on the last business day before the Subscription Date |
| Business day | Business Day = any day on which the securities markets in Luxembourg, the US, France and the UK are open (p. 11, glossary p. 77) |
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption request by 17:00 CET on the last business day of the first month of the quarter in which the …
NAV per unit less redemption fee (up to 5%)
NAV at previous quarter-end (—)
redemption day
A request made today is paid out on — — — days.
Shown without a date because the prospectus does not quantify: cut-off. The remaining markers are calculated from the prospectus rules.
Money typically within half a year — on average 142 days from decision to cash.
Rank 91 of 112 · rank 32 of 38 in Private Equity · no lock-up · exit costs of 5.0% included
Money typically within half a year — on average 142 days from decision to cash.
no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 1 Aug 2026 · score run 16 Oct 2026 · How 142 days become 5 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | quarter-end |
| Notice | 17:00 CET · (counted from month-end) |
| Price | quarter-end |
| Payout | 35 calendar days after redemption day |
| Gate | 3% gross of NAV at the previous quarter-end per quarter |
| Scaled-back portion | scaled-back portion lapses; new request required, no priority |
| Redemption fee (max.) | up to 5% (24 months, cliff (lapses after the period)) |
| Lock-up | none |
| Suspension | Force Majeure; valuation not possible; price sources unavailable; liquidity strain |
| Liquidity tools | Extension of the notice period; redemption in kind (professional investors only); suspension only in exceptional cases. |
| Switch / transfer | Transfer permitted, no secondary market; individual classes may be listed on the Luxembourg Stock Exchange |
| Compulsory redemption | Minimum Account Redemption where the holding falls below USD 500; Prohibited Persons; compulsory redemption on termination of a sub-fund/class |
max. 3% of the aggregate NAV of all BXPE Aggregator parallel vehicles and of the BXPE Aggregator per calendar quarter (measured as at the end of the preceding quarter, excluding the 'Selected Parallel Entities') - hence not a ratio of the sub-fund NAV
The 3% limit is expressly measured against the aggregate NAV of all BXPE Aggregator parallel vehicles and of the BXPE Aggregator per calendar quarter (measured as at the close of the preceding quarter), not against the NAV of this sub-fund alone. The 'Selected Parallel Entities' are excluded. Individual parallel vehicles may be subject to different redemption restrictions.
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
8 classes. All cost and risk figures on this page refer to the basis class I-A-USD.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available. The risk indicator differs by class (3 to 4); the key figures show the value of the basis class.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Presentation Q2 2025 Investor Letter | 30 Jun 2025 | — |
| NAV series price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Jul 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption quarterly, with 3% gate per quarter. Subscribing today, it takes on average 142 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2% p.a. according to the PRIIPs KID for class I-A-USD; the median of the Private Equity funds in this database is 2.60%; plus a performance fee of 12.50%.
25,000 USD in class I-A-USD.
Not as a retail investor. According to our evidence, in Germany it is open only to semi-professional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Blackstone Private Equity Strategies Fund. Under the prospectus a gate of 3% per quarter applies.
Same asset class, similar sub-strategy.
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KKR · Part II SICAV · quarterly
Pantheon Ventures · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.