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This website is for investors based outside the U.S. and certain authorized persons only. If you are a U.S.-based investor, click here to go to Blackstone Private Equity Strategies Fund L.P. (U.S. fund) site.

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Blackstone Private Equity Strategies Fund AUT (BXPE-A)

BXPE-A* invests in AUD-denominated shares of Blackstone Private Equity Strategies Fund SICAV (BXPE). BXPE seeks to provide access to and leverage Blackstone’s private equity platform to create an attractive portfolio of diversified alternative investments.

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BXPE-A Performance

BXPE Portfolio

Resources

* BXPE-A is an Australian registered managed investment scheme. Channel Investment Management Limited ABN 22 163 234 240 AFSL 439007 (“CIML”) is the responsible entity and issuer of units for BXPE-A.

BXPE Overview

Power of Blackstone Private Equity in a Single Fund

BXPE Overview

Power of Blackstone Private Equity in a Single Fund

BXPE is a perpetual private equity fund that offers eligible individual investors access to the world’s largest private equity platform [ 1 ] through a single subscription.

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Past performance does not predict future returns, and there can be no assurance that BXPE will achieve its objective or avoid significant losses.

Why Blackstone

Private equity AUM [ 2 ]

$416B

Track record

40 years

Private equity strategies [ 3 ]

15+

BXPE Private Equity Portfolio Strategies [ 3 ]

There is no assurance that BXPE will access all these strategies or in any particular proportion and available strategies may change from time to time. Diversification does not ensure a profit or protect against losses and there is no guarantee BXPE will be diversified. There can be no assurance that Blackstone will be able to source or execute transactions relating to any particular investment themes. The use of leverage or borrowings magnifies investment, market and certain other risks and may be significant

Why private EQuity

Vast Opportunity Set

Private markets represent a compelling opportunity for investors to diversify beyond public equities.

Breakout of Public vs. Private Companies with over $250M in Revenue

BXPEF Vast Opportunity Set: Private Companies, 86%; Public Companies, 14%

There can be no assurances that any of the trends described herein will continue or will not reverse. Past events and trends do not imply, predict, or guarantee, and are not necessarily indicative of future events or results. Additionally, investments in private equity are speculative and often include a higher degree of risk.

Source: Capital IQ, June 2024. Represents the share of companies based on the total number of public and private companies in North America, Europe, and Asia that have reported 2024, 2023, or 2022 fiscal year revenues greater than $250 million per Capital IQ’s company database.

Historical Outperformance

Over the past 20 years, private equity has generated average annual returns of approximately 13% net of fees, compared to 8% for public equities

20-Year Outperformance: Private vs Public Equity

bxpef compounding historical pe returns: Global Private Equity, 13%; Global Public Equities, 8%; +500bps annualized private equity outperformance

Past performance does not predict future returns.

Source: Compares Cambridge Associates’ Private Equity Index to the MSCI World Index, as of March 2025.

Private Equity Advantage: Active Ownership

The heart of private equity’s value proposition lies in its approach to active ownership and business building.

Illustrative Drivers of Private Equity Returns

bxpef illustrative return drivers: free cash flow generation; multiple expansion; earnings improvement, operational impovements and business transormation drive earnings growth

Represents EBITDA growth of investments with gains.

Source: The above is provided for illustrative purposes only and is based on Blackstone’s assessment of gains achieved by investments in Blackstone’s flagship corporate buyout funds only as of June 30, 2025. To determine sources of value creation, Blackstone analyzes key financial metrics at the time of acquisition compared to the current and/or exit period in order to estimate a company’s gain that is attributable to earnings growth, multiple expansion, and free cash flow (“FCF”) generation. For certain investments that lack significant previous operating or financial history, the categorization of the different sources of value creation represents Blackstone estimates based on a number of objective and subjective factors. Past activities of investment vehicles managed or sponsored by Blackstone provide no assurance of future success. There can be no assurance that future Blackstone funds will achieve the same or similar results or that pending or future initiatives will occur as expected or at all.

Vast Opportunity Set

Private markets represent a compelling opportunity for investors to diversify beyond public equities.

Breakout of Public vs. Private Companies with over $250M in Revenue

BXPEF Vast Opportunity Set: Private Companies, 86%; Public Companies, 14%

There can be no assurances that any of the trends described herein will continue or will not reverse. Past events and trends do not imply, predict, or guarantee, and are not necessarily indicative of future events or results. Additionally, investments in private equity are speculative and often include a higher degree of risk.

Source: Capital IQ, June 2024. Represents the share of companies based on the total number of public and private companies in North America, Europe, and Asia that have reported 2024, 2023, or 2022 fiscal year revenues greater than $250 million per Capital IQ’s company database.

20-Year Outperformance: Private vs Public Equity

bxpef compounding historical pe returns: Global Private Equity, 13%; Global Public Equities, 8%; +500bps annualized private equity outperformance

Past performance does not predict future returns.

Source: Compares Cambridge Associates’ Private Equity Index to the MSCI World Index, as of March 2025.

Illustrative Drivers of Private Equity Returns

bxpef illustrative return drivers: free cash flow generation; multiple expansion; earnings improvement, operational impovements and business transormation drive earnings growth

Represents EBITDA growth of investments with gains.

Source: The above is provided for illustrative purposes only and is based on Blackstone’s assessment of gains achieved by investments in Blackstone’s flagship corporate buyout funds only as of June 30, 2025. To determine sources of value creation, Blackstone analyzes key financial metrics at the time of acquisition compared to the current and/or exit period in order to estimate a company’s gain that is attributable to earnings growth, multiple expansion, and free cash flow (“FCF”) generation. For certain investments that lack significant previous operating or financial history, the categorization of the different sources of value creation represents Blackstone estimates based on a number of objective and subjective factors. Past activities of investment vehicles managed or sponsored by Blackstone provide no assurance of future success. There can be no assurance that future Blackstone funds will achieve the same or similar results or that pending or future initiatives will occur as expected or at all.

BXPE’s flexible approach allows the fund to invest in high-conviction themes across Blackstone’s private equity platform

Strategy Breakdown [ 4 ]
% of total FMV [ 5 ]

BXPEF Strategy Breakdown Mar2026: Corporate, 46%; Growth, 17%; Hybrid Capital, 11%; Secondaries, 5%; Debt & Other Securities, 20% BXPEF Strategy Breakdown Mar2026: Corporate, 46%; Growth, 17%; Hybrid Capital, 11%; Secondaries, 5%; Debt & Other Securities, 20%

Sector Breakdown [ 6 ]
% of total FMV [ 5 ]

BXPEF Portfolio Mar2026: Software, 13%; Consumer, 10%; Business Services, 9%; Industrial, 8%; Technology & Services, 8%; Financial Services, 7%; Media & Entertainment, 7%; Healthcare, 5%; Diversified, 4%; Energy, 4%; Infrastructure, 3%; Specialty Finance, 3%; Debt & Other, 20% BXPEF Portfolio Mar2026: Software, 13%; Consumer, 10%; Business Services, 9%; Industrial, 8%; Technology & Services, 8%; Financial Services, 7%; Media & Entertainment, 7%; Healthcare, 5%; Diversified, 4%; Energy, 4%; Infrastructure, 3%; Specialty Finance, 3%; Debt & Other, 20%

Regional Breakdown [ 7 ]
% of total FMV [ 5 ]

BXPEF Regional Breakdown Mar2026: North America, 62%; EMEA, 10%; APAC, 9%; Debt & Other Securities, 20% BXPEF Regional Breakdown Mar2026: North America, 62%; EMEA, 10%; APAC, 9%; Debt & Other Securities, 20%

Portfolio Breakdown [ 8 ]
% of total FMV [ 5 ]

BXPEF Portfolio Breakdown Mar2026: Private Equity Investments, 80%; Debt And Other Securities, 20% BXPEF Portfolio Breakdown Mar2026: Private Equity Investments, 80%; Debt And Other Securities, 20%

BXPE-A Performance

Inception to date total net return from March 2025 [ 9 ]

4.44%

Monthly total net return

-1.32%

BXPE-A net asset value [ 10 ]

$30M

This figure is in AUD and refers to the net asset value of BXPE-A.

As of 31 January 2026. Past performance does not predict future returns.

BXPE-A Total Net Returns

from 31 March 2025 to 31 January 2026

BXPE-A Total Net Returns

from 31 March 2025 to 31 January 2026
Share Class January YTD Inception to Date
Class A (Unhedged) -1.32% -1.32% 4.44%

BXPE-A Total Net Returns

from 31 March 2025 to 31 January 2026
Share Class
Class A (Unhedged)

Past performance does not predict future returns.

BXPE-A Monthly Total Returns

BXPE-A Monthly Total Returns
Class A (Unhedged) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2026 -1.32% -1.32%
2025 – – – -1.22% 1.02% -1.04% 3.76% -0.12% -0.35% 2.66% 1.78% -0.67% 5.84%

BXPE-A Monthly Total Returns
Class A (Unhedged)
2026
2025

Past performance does not predict future returns.

BXPE-A Historical NAV Per Share

The figures listed in the table below are in AUD.

BXPE-A Historical NAV Per Share

The figures listed in the table below are in AUD.
Class A (Unhedged) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2026 $1.04
2025 – – $1.00 $0.99 $1.00 $0.99 $1.02 $1.02 $1.02 $1.05 $1.07 $1.06

BXPE-A Historical NAV Per Share

The figures listed in the table below are in AUD.
Class A (Unhedged)
2026
2025

Past performance does not predict future returns.

Resources

Monthly Report – Class A (Unhedged)

The Product Disclosure Statement (“PDS”), each Target Market Determination (“TMD”), each Application Form and Change of Details Form have been prepared and issued by Channel Investment Management Limited ACN 163 234 240 (“CIML”). Blackstone has consented to be named in the PDS. Blackstone has not otherwise been involved in the preparation of these documents and does not accept any responsibility or liability for any information contained in them. For the latest versions of the documents, please visit CIML’s website. If there are discrepancies in the documents, the version on CIML’s website prevails.

Target Market Determination (“TMD”) – Class A (Unhedged)

Product Disclosure Statement (“PDS”)

Application Form – Class A (Unhedged)

Change of Details

Application Portal

BXPE-A: Summary of Key Terms

Term Description
Underlying Fund Blackstone Private Equity Strategies Fund SICAV (“BXPE”)
Responsible Entity (“RE”) Channel Investment Management Limited (“CIML”)
Underlying Fund Investment Manager Blackstone Private Investments Advisors L.L.C.
Fund Base Currency Australian dollars (“AUD”)
Investment Objective and Strategy BXPE-A aims to achieve medium to long-term capital appreciation and modest current income by investing primarily in AUD-denominated shares (‘Shares’) of the Underlying Fund. The amounts raised from Class A units may be invested in the class I-IA-AUD Shares of the Underlying Fund (which generally is not expected to engage in currency hedging with respect to non-AUD exposure) (“Class A (Unhedged)”). The amounts raised from Class B units may be invested in the class I-IA-AUD-H of Shares of the Underlying Fund (which generally is expected to engage in currency hedging with respect to non-AUD exposure) (“Class B (Hedged)”).
Minimum Initial Investment [ 11 ] $50,000 or lower at the discretion of the RE
Management Fees and Costs [ 12 ] Class A Units: Estimated to be 2.3525% p.a. of the net asset value (“NAV”) of the Fund assets referable to Class A units
Class B Units: Estimated to be 2.3525% p.a. of the NAV of the Fund assets referable to Class B units
Performance Fees Nil at BXPE-A
Performance Fee (Underlying Fund) 12.5% of annual total return subject to a 5% annual hurdle and high watermark with a 100% catch-up, payable quarterly
Distributions [ 13 ] Annually (when applicable or available from the Underlying Fund)
Distributions will be paid to investors in cash or reinvested into BXPE-A
Buy / Sell Spread [ 14 ] Buy spread: 0.00% / Sell spread: 0.30%
Unit Pricing [ 15 ] Monthly
Applications [ 16 ] Monthly
Redemptions [ 17 ] Quarterly, subject to available liquidity
Term
Underlying Fund
Responsible Entity (“RE”)
Underlying Fund Investment Manager
Fund Base Currency
Investment Objective and Strategy
Minimum Initial Investment [ 11 ]
Management Fees and Costs [ 12 ]
Performance Fees
Performance Fee (Underlying Fund)
Distributions [ 13 ]
Buy / Sell Spread [ 14 ]
Unit Pricing [ 15 ]
Applications [ 16 ]
Redemptions [ 17 ]

The information presented herein pertaining to the terms of the BXPE-A is indicative and not exhaustive. The terms of investment outlined may vary from those detailed in the BXPE-A’s Product Disclosure Statement (“PDS”). Prospective investors and investors should rely solely on the terms stated in BXPE-A’s PDS for any decision-making pertaining to a potential investment in BXPE-A. The Underlying Fund’s terms are qualified in their entirety by the Underlying Fund’s prospectus and governing documents, as may be amended or supplemented from time to time.

All investments involve risk and may result in the loss of capital. Please refer to section 6 of the Product Disclosure Statement for the specific risks associated with an investment in BXPE-A, including but not limited to, the following:

• Liquidity risk
• Underlying Fund risk
• Withdrawal risk
• Market risk
• Private equity investment risk
• Foreign currency and exchange rate risk
• Regulatory risk
• Foreign investment risk

Financial Adviser & Wholesale Investor Enquiries

Lisa Rose
Managing Director, Blackstone Private Wealth
+ 61 498 231 904
[email protected]

Jack Mann
Vice President, Blackstone Private Wealth
+61 407 319 224
[email protected]

General Enquiries

[email protected]

Important Disclosure Information

Channel Investment Management Limited ABN 22 163 234 240 AFSL 439007 (“CIML”) is the responsible entity and issuer of units for the Blackstone Private Equity Strategies Fund AUT (“BXPE-A”). BXPE-A is an Australian registered managed investment scheme that is expected to invest substantially all of its assets into the AUD-denominated shares of the Blackstone Private Equity Strategies Fund SICAV (“BXPE”). The investment manager of BXPE is Blackstone Private Investments Advisors L.L.C. (an affiliate of Blackstone). The information on this website is provided for informational purposes only and is intended for investors or prospective investors of BXPE-A. Neither CIML, nor Blackstone, their officers, employees, or affiliates make any representations or warranties, express or implied, as to the accuracy, reliability or completeness of the information contained on this website. Past performance is not a reliable indication of future performance. This information is given in summary form and does not purport to be complete. Please visit CIML’s website. If there are discrepancies in the documents, the version on CIML’s website prevails.

Blackstone is not involved in the investment decision making process for BXPE-A, nor is it a sponsor, adviser or affiliate of BXPE-A. The information made available in the Product Disclosure Statement (“PDS”), Target Market Determination (“TMD”), Application Form and Change of Details Form of BXPE-A (collectively, the “BXPE-A Documents”) has been prepared and issued by CIML. Blackstone has consented to be named in the PDS. Blackstone has not otherwise been involved in the preparation of the BXPE-A Documents and does not accept any responsibility or liability for any information contained therein. CIML is the responsible entity and issuer of units for BXPE-A. The information on this website is provided for informational purposes only and is intended for investors or prospective investors of BXPE-A.

Information on this website should not be considered advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling units in BXPE-A and does not take into account an investor’s particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. For further information and before investing, please read the information made available in the PDS and TMD.

Units may only be acquired by completing the application form attached to or accompanying the PDS or other offer document, paying the relevant application price and providing all necessary supporting information and documentation. By submitting an application, you confirm that you are eligible to acquire and to continue to hold units in the relevant fund.

Any interests expressed is taken as an indicative intention only and is not binding on the investor or CIML.

Views and opinions expressed are for informational purposes only and do not constitute a recommendation by CIML or Blackstone to buy, sell, or hold any security. Views and opinions are current as of publishing and may be subject to change, they should not be construed as investment advice. This material on BXPE is provided for educational purposes, in the context of the distribution of BXPE-A only and should not be construed as investment advice or an offer or solicitation to participate in BXPE.

Blackstone has business relationships with certain companies in Australia; however, this website does not endorse transactions with these companies, nor does it provide any guarantees regarding their operations

Private Equity International, as of June 2025, based on capital raised between January 1, 2011, and December 31, 2024.
AUM is estimated and unaudited as of December 31, 2025. Private equity AUM represents AUM across Blackstone private equity, spanning across Corporate Private Equity, Tactical Opportunities, Growth, Strategic Partners, Life Sciences, and Infrastructure. AUM includes co-investments and Blackstone’s GP and side by side commitments, as applicable.
Illustrative of the PE Platform. Infrastructure is reported under Blackstone’s private equity business but is not one of BXPE’s key underlying strategies.
“Strategy Breakdown” weighting is measured as the asset value of each of Blackstone’s underlying business strategies (Corporate, Hybrid Capital, Growth, Secondaries and Debt & Other Securities) divided by the asset value of BXPE’s investments. Totals may not sum due to rounding. There is no generally accepted definition of the following strategy classifications and the use of different criteria in selecting investments could result in materially different classifications from those shown herein. All determinations are made by Blackstone in its sole discretion. Investments are generally classified as Corporate PE if they are: minority or majority common equity investments in Operating Companies, equity-linked securities with meaningful, uncapped upside, or investments in traditional buyouts, GP stakes investments, or energy-transition-related deals. Investments are generally classified as Hybrid Capital if they are: flexible, non‑control investments that fall between standard equity and traditional debt, including structured equity, structured financing, select asset-backed or platform investments, as well as other opportunistic investment securities with asymmetric, capped or downside‑mitigated return profiles. Investments are generally classified as Growth if they are: minority or majority common equity investments in operating companies with a meaningful amount of top-line growth or underwritten returns in the following sectors: enterprise solutions, consumer tech, consumer, healthcare, financial services, and life sciences. The financing of life sciences products in late-stage development, and any equity investments in life sciences companies, are also classified as Growth investments. Investments are generally classified as Secondaries if they are sourced by Strategic Partners or structured as passive equity co-invest positions. Investments are classified as Debt and Other Securities if they are used to facilitate capital deployment and provide a potential source of liquidity, including but not limited to, investment-grade debt, leveraged loans, and high-yield bonds. Corporate PE, Hybrid Capital, Growth, and Secondaries listed above are also referenced as “Private Equity Investments” herein. A portion of BXPE is held in Debt and Other Securities for income, capital deployment, and liquidity management.
Represents BXPE’s total portfolio as of February 28, 2026, including Debt and Other Securities. For the Strategy, Sector and Regional Breakdowns, Debt and Other Securities are not presented on a look-through basis.
“Sector Breakdown” weighting is measured as the asset value of each sector category divided by the asset value of BXPE’s investments. Totals may not sum due to rounding. Sector classifications are based on BXPE’s internal review and have been qualified to meaningfully distinguish among various investment types and may not be representative of all investments in a given sector. All determinations are made by BXPE in its sole discretion. Totals may not sum due to rounding. “Diversified” investments include LP-led transactions (purchases of existing LP interests in funds) and commitments to secondaries funds where the underlying exposure spans multiple sectors. Given the broad, multi-sector nature of these investments, they cannot be meaningfully attributed to a single sector classification.
“Regional Breakdown” weighting is measured as the asset value of each region category divided by the asset value of BXPE’s investments. Totals may not sum due to rounding. Region based on where each investment has its principal place of business.
“Portfolio Breakdown” is calculated as the value of each asset type divided by the asset value of all BXPE investments.
This performance data pertains specifically to BXPE-A month-end unit prices expressed in Australian Dollars. Net return of BXPE-A has been calculated after the deduction of management fees and operating costs. Please note that these figures do not factor in the potential tax obligations at an individual investor level. This is historical performance data. The value of an investment can rise and fall and past performance is not indicative of future performance.
Net Asset Value (NAV) represents the value of BXPE-A assets, minus BXPE-A’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. NAV and NAV-based calculations involve significant professional judgment.
CIML may, at its discretion, accept amounts less than the minimum initial investment amount.
The management fee is calculated monthly and calculated based on BXPE-A’s unit price(s) and is generally allocated across all classes of units in proportion to the net asset value of each such class (as determined at the relevant time of allocation) and paid monthly in arrears out of the assets of BXPE-A referable to the units.
BXPE-A’s ability to pay a distribution is contingent on the income it receives from its investment in the Underlying Fund and may mean that there is no distribution for a period.
The buy–sell spread charged to investors in BXPE-A may be greater than the buy–sell spread as stated. If the Underlying Fund commences applying a buy–sell spread to applications and/or redemptions, CIML would seek to update the buy–sell spread to applications and redemptions from BXPE-A to pass such costs to BXPE-A investors entering or exiting BXPE-A.
The timing of BXPE-A’s unit pricing calculations will be in line with the valuation frequency of the Underlying Fund. Unit prices are generally finalised and published within the 25 business days following the last calendar day of the month to which the unit price relates, although CIML may elect to calculate unit prices more frequently. All BXPE-A transactions and fund reporting purposes will utilise this unit price.
Offered on an ongoing basis. Processed monthly as of the last Calendar Day of each month or more frequently as determined by CIML. The application form, together with the application monies, must be received by 12 noon (Sydney, New South Wales time), seven (7) Business Days prior to the last Calendar Day of the month.
CIML’s ability to accept and facilitate redemptions for unitholders in BXPE-A will be greatly dependent on the Underlying Fund’s ability to fulfil redemption requests. The trust deed of BXPE-A allows CIML to suspend the redemption of units in BXPE-A, or the payment of redemption proceeds, in certain prescribed circumstances. If BXPE-A does not have sufficient cash to meet all redemptions requests for a redemption date, redemptions will be partially accepted and processed pro-rata across all redeeming investors. Any redemptions rejected in either whole or in part on a redemption date will not be carried over to the next redemption date for processing. A new redemption requestion will need to be submitted for the next redemption date.