Important Disclosure Information

Blackstone proprietary data as of September 30, 2025, unless otherwise indicated. Represents Blackstone’s view of the current market environment as of the date appearing herein which is subject to change. The figures herein include preliminary, unaudited results, which are subject to further review and adjustment. When used in this presentation and unless otherwise specified or unless the context otherwise requires, references to the “Fund” should be read as references to Blackstone Private Equity Strategies Fund SICAV (“BXPE”), Blackstone Private Equity Strategies Fund (Master) FCP, BXPE Aggregator and their parallel entities. Capitalized terms used but not defined will have the meanings set forth in the prospectus prepared for BXPE (the “Prospectus”). An investment in BXPE involves subscribing to shares of a collective investment and not of a given underlying asset.

This material contains references to our net asset value (NAV) and NAV based calculations, which involve significant professional judgment. NAV represents the value of the Fund’s assets, minus the Fund’s liabilities as well as expenses attributable to certain share classes, such as servicing fees, in all cases as described in the Prospectus and determined in accordance with the Valuation Policy. On January 2, 2024, BXPE announced its first close, marking the inception of the fund (Class I-A received subscriptions on January 2, 2024). Inception dates for BXPE share classes are as follows: Class I-A USD on January 2, 2024; Class I-D, A-A, and A-D USD on February 1, 2024; Class ID-D USD on January 2, 2025; Class IA-IF USD on February 1, 2025; Class I-IA USD and Class AA-N USD on August 1, 2025; Class I-A EUR and A-A EUR on December 2, 2024; Class A-A IT EUR and Class I-D CAD on January 2, 2025; Class I-A CHF, Class A-A CHF; Class I-A AUD on April 1, 2025; and Class I-A SGD and  Class A-A SGD on August 1, 2025. For illustrative purposes, we are also showing the performance of the corresponding USD share classes (USD being the BXPE reference currency) alongside the non-USD share classes for the same time period to illustrate the impact of currency foreign exchange fluctuations. Performance is shown from the share class inception date (being the date on which the share class has accepted third-party capital). Performance varies by share class. Returns shown reflect the percent change in the NAV per share from the beginning of the applicable period, plus the amount of any distribution per share declared in the period. Returns shown are reflective of each share class and not of an individual investor. Returns for periods of less than one year are not annualized. Return information is not a measure used under International Financial Reporting Standards “IFRS”. All returns shown are derived from unaudited financial information, and are net of all BXPE expenses, including general and administrative expenses, transaction-related expenses, management fees, performance participation allocation, and share class-specific fees. The returns have been prepared using unaudited data and valuations of the underlying investments in BXPE’s portfolio, which are estimates of fair value and form the basis for BXPE’s NAV. Valuations based upon unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value and may not accurately reflect the price at which assets could be liquidated. As return information is calculated based on NAV, return information presented will be impacted should the assumptions on which NAV was determined prove to be incorrect. See “Additional Detail on Performance Methodology” for further information on BXPE’s determination of NAV. Fund returns exclude the impact of early repurchase deductions on the repurchase of shares that have been outstanding for less than two years on individual investors.
The investment examples presented herein reflect an objective, non-performance based standard of showing invested and committed deals in the last 12 months that illustrate BXPE’s high-conviction themes and the types of thematic investments that may be made by BXPE in the future. These investments were selected based on audience familiarity of widely known brands that have sizeable investments or commitments within BXPE’s portfolio, as of September 30, 2025 (to the extent BXPE is authorized to disclose such positions).
Includes investments and future commitments to acquire investments as of September 30, 2025.