Uncategorized Archives - BXPE | Blackstone Private Equity Strategies Fund

Professional Investor includes:

any person or entity that is a credit institution, investment firm, other regulated financial institution, insurance company, collective investment scheme, pension fund or, for investors in the European Economic Area, persons or entities that qualify as a Professional Investor under the European Union Markets in Financial Instruments Directive (Directive 2014/65/EU);
for investors in the United Kingdom, any person or entity that is a credit institution, investment firm, other regulated financial institution, insurance company, collective investment scheme, pension fund or any persons or entities that qualify as a Professional Investor under section 3.5 Conduct of Business Sourcebook of the FCA Handbook of Rules and Guidance;
for investors in Switzerland, any persons or entities (a) who is a Professional Client as defined in article 4(3) of the Swiss Federal Act on Financial Services (FinSA) or (b) a Private Client within the meaning of article 4(2) FinSA who is in a long-standing investment advisory- or investment management relationship with a regulated financial intermediary and who did not declare that they shall not be treated as qualified investors in accordance with article 10 (3ter) of the Swiss Federal Act on Collective Investment Schemes;
in the Abu Dhabi Global Market (ADGM), any persons or entities who qualify as Professional Clients under section 2.4 of the Conduct of Business Rulebook (COBS) of the FSRA Rules;
in the Dubai International Financial Centre (DIFC), any persons or entities who qualify as “Deemed” Professional Clients under section 2.3.4 Conduct of Business Module (COB) of the DFSA Rulebook; and
for investors in Hong Kong, any person who is a professional investor as defined under part 1 of schedule 1 to the Securities and Futures Ordinance (Cap. 571, the Laws of Hong Kong) and sections 3 to 7 of the Securities and Futures (Professional Investor) Rules (Cap. 571D, the Laws of Hong Kong). Please refer to the following link for the definition of “professional investor”.
for investors in Brazil, please see special section below.

Non-Professional Investor: any person or entity who is not a Professional Investor and does not conform to the below definitions.

Aruban Professional Market Participant includes:

Investment institutions, credit institutions,
Pension funds,
Securities brokers,
Asset managers,
Insurers,
Listed companies,
Enterprises with a balance sheet total of Aruban florin (“Afl.”) 10,000,000 or more (so approximately USD 5,600,000 or more),
Other parties designated by the regulator in Aruba, the Central Bank of Aruba.

Australian Wholesale Client: For investors in Australia, a person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act 2001 (Cth). Please refer to the following link for the definition of “wholesale client“.

Canadian Registered Dealer: For firms or persons in Canada, a “registered dealer” is a firm or individual in Canada that is registered under National Instrument 31-103 (NI 31-103).

Canadian Permitted Client: For persons in Canada, any person who is a “permitted client” as defined in section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations.

Chilean Qualified Investor includes:

Institutional investors, defined as those contained in the letter e) of Article 4 bis of Law No. 18,045 (Pension funds are considered as institutional investors.);
Entities regulated as banking companies, insurance companies, reinsurance companies, fund administrators, and securities brokers incorporated abroad, the last of these when acting on their own account or on behalf of third parties who are not citizens, residents or transients in Chile;
Stockbrokers and securities agents, when acting on their own;
Brokers of agricultural commodities, when acting on their own, and investment products corresponding to those listed in Article 5 of Law 19,220;
Natural persons or corporations and entities, Chilean or foreign, that at the moment of making investments, have investments in securities which may be publicly offered in Chile or abroad, in an amount not less than UF 10,000;
Natural persons or corporations and entities, Chilean or foreign, who have delegated investment decisions to a Qualified Investor according to the considerations of this Rule, under a management contract portfolio.”

Guatemalan Institutional Investor includes:

Entities supervised by the Bank Superintendency (Banks, financial entities, credit institutions, insurance entities, general warehouses, exchange houses, financial groups and companies controlling financial groups and other entities specifically provided by law.);
Social Security Office;
Public or Private Social Security Entities (The Guatemalan Social Security Office and “public or private social security entities” refer to entities dedicated to providing health and social security services to the people affiliated with them (referred to as the “insured” or “beneficiaries”); and
Collective investment entities and/or vehicles, such as: i) Investment Trusts; ii) Investment Companies, and, iii) Investment Funds. Note:
- Investment Trusts have the limitation that the trustee can only be either a bank or a “Private Finance Company”, which are both entities supervised by the Guatemalan Superintendency of Banks;
- Investment Corporations are those incorporated pursuant to what is provided in Securities Law, are engaged in the business of investing the pooled capital of investors in financial securities and are dully registered before the Mercantile Registry; and
- Investment Funds are required to be registered in the Securities and Commodities Market Registry (Registro del Mercado de Valores y Mercancías).

Mexican Institutional Investor: Defined as Mexican and foreign banks, broker dealers, insurance and bond companies, bonded warehouses, financial leasing companies, factoring companies and investment funds, private pension and annuities funds and foreign pension and investment funds;

Mexican Qualified Investor: Individuals and corporations which maintain during the previous year investments in securities for an amount equal or similar to 1.5 million Unidades de Inversión or that have obtained during the previous two years a gross income of at least 500,000 Unidades de Inversión per year.

Panamanian Institutional Investor includes:

Sovereign States and any department, political subdivision or agency thereof which is authorized to make investments in securities;
Licensed banks; insurance and reinsurance companies; investment companies registered with the Superintendence of Capital Markets; investment trusts managed by licensed trustees; certain retirement and pension funds licensed to operate in Panama; and broker-dealers when they act for their own account;
Any legal entity (such as a corporation, trust or foundation) domiciled in Panama, with a net worth of not less than US$1 million according to its most recent audited financial statements, which, on a regular basis during the 2 years prior to the offer, has dealt in securities, and its key executives or the majority of its officers and directors have had not less than 2 years of experience in dealing with securities.

Peruvian Institutional Investor includes:

Non-governmental Peruvian pension funds (Administradoras Privadas de Fondos de Pensiones or AFP)
The Governmental Peruvian pension fund (Oficina de Normalización Previsional – ONP)
Mutual fund managers
Broker dealers
Investment fund managers
Insurance companies
Social Security Office (ESSALUD)
Securitization Companies
Qualified Institutional Buyers under Rule 144A of the U.S. Securities Act of 1933
Institutions subject to the supervision of the Superintendence of Banks, Insurance Companies and Pension Funds (“SBS”), pursuant to article 16 of the Peruvian Banking and Insurance Act (banks, financial companies, investment banks, trust corporations, etc.)
Private or public corporations that customarily invest in securities (non- Governmental private law corporations must have a securities portfolio of at least approximately PEN 2,465,748.00)
Funds and trusts managed by any authorized entity as per the above paragraphs when the net asset value of such funds or trusts is equal or greater than approximately PEN 986,299.00
Individuals whose net worth exceeds approximately PEN 4,931,496.00 and whose securities portfolio is at least approximately PEN 2,465,748.00

Singaporean Accredited Investor: For persons in Singapore, any person who is an “accredited investor” as defined in section 4A of the Securities and Futures Act 2001 of Singapore.

Singaporean Institutional Investor: For persons in Singapore, any person who is an “institutional investor” as defined in section 4A of the Securities and Futures Act 2001 of Singapore.

Other: any person or entity who is not included in any of the above definitions.

Country of Residence

Investor Type

ELIGIBILITY CONFIRMATION

The information on this website is only intended for high net worth investors who have an annual income* of at least GBP 100,000 or net assets** above GBP 250,000 and have the necessary knowledge and experience to understand the risks which this product is subject to.

*Annual income does NOT include any one-off pension withdrawals.

**Net assets do NOT include: your home (primary residence), your pension (or any pension withdrawals) or any rights under any qualifying contracts of insurance.

You understand that this means:

You can receive financial promotions where the contents may not comply with rules made by the Financial Conduct Authority (FCA); and
You can expect no protection from the FCA, the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS).

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.

Estimated reading time: 2 min

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be very complex and high risk.

What are the key risks?

You could lose all the money you invest

- If the business offering this investment fails, there is a high risk that you will lose all your money. Businesses like this often fail as they usually use risky investment strategies.
- Advertised rates of return aren’t guaranteed. This is not a savings account. If the issuer doesn’t pay you back as agreed, you could earn less money than expected or nothing at all. A higher advertised rate of return means a higher risk of losing your money. If it looks too good to be true, it probably is.
- These investments are very occasionally held in an Innovative Finance ISA (IFISA). While any potential gains from your investment will be tax free, you can still lose all your money. An IFISA does not reduce the risk of the investment or protect you from losses.

You are unlikely to be protected if something goes wrong

- The Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover investments in unregulated collective investment schemes. You may be able to claim if you received regulated advice to invest in one, and the adviser has since failed. Try the FSCS investment protection checker here.
- The Financial Ombudsman Service (FOS) does not cover poor investment performance. Learn more about FOS protection here.

You are unlikely to get your money back quickly

- This type of business could face cash-flow problems that delay payments to investors. It could also fail altogether and be unable to repay any of the money owed to you.
- You are unlikely to be able to cash in your investment early by selling your investment. In the rare circumstances where it is possible to sell your investment in a ‘secondary market’, you may not find a buyer at the price you are willing to sell.
- You may have to pay exit fees or additional charges to take any money out of your investment early.

This is a complex investment

- This kind of investment has a complex structure based on other risky investments, which makes it difficult for the investor to know where their money is going.
- This makes it difficult to predict how risky the investment is, but it will most likely be high.
- You may wish to get financial advice before deciding to invest.

Don’t put all your eggs in one basket

- Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

If you are interested in learning more about how to protect yourself, visit the FCA’s website here.

For further information about unregulated collective investment schemes (UCIS), visit the FCA’s website here.

The information on this website is only intended for investors who have the necessary knowledge and experience to understand the risks to which this product is subject to.

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

The information on this website is only intended for investors who can commit at least EUR 200 000 and have the necessary knowledge and experience to understand the risks to which this product is subject to.

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

The information on this website is only intended for investors who can commit at least EUR 500 000 and have the necessary knowledge and experience to understand the risks to which this product is subject to or who commit at least EUR 100 000 and either (a) the investor is making the commitment as a licensed portfolio manager on behalf of a non-professional investor or (b) the investor’s commitments in AIFs reserved to professional investors does not exceed 10% of the aggregate investor’s financial portfolio and the investor is making the commitment on the basis of investment advice from an entity licensed to provide investment advice, the investor having the necessary knowledge and experience to understand the risks to which this product is subject to.

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

The information on this website is only intended for investors who can commit at least EUR 250 000 and have the necessary knowledge and experience to understand the risks to which this product is subject to.

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

The information on this website is only intended for investors who can commit at least EUR 100 000 and have the necessary knowledge and experience to understand the risks to which this product is subject to.

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

The information on this website is only intended for investors who can commit at least
EUR 100 000 and are attesting that they have the necessary knowledge and experience to understand the risks to which this product is subject to.

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

The information on this website is only intended for investors who can commit at least EUR 25 000 and have the necessary knowledge and experience to understand the risks to which this product is subject to.

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

The information on this website is only intended for investors who have the necessary knowledge and experience to understand the risks to which this product is subject to.

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

You hereby make the following representations, warranties and undertakings (as the case may be).

You understand that Blackstone Europe LLP holds a Financial Services Permission with number 180035 from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (“ADGM”) for the Regulated Activities of Advising on Investments or Credit, Arranging Deals in Investments and Operating a Representative Office.

This website relates to Blackstone Private Equity Strategies Fund SICAV (“BXPE”), which is not subject to any form of regulation or approval by the Financial Services Regulatory Authority of the ADGM (the “FSRA”). The FSRA accepts no responsibility for reviewing or verifying any prospectus or documents on this website in connection with BXPE. Accordingly, the FSRA has not approved this website nor taken any steps to verify the information set out in this website, and has no responsibility for it. The financial product to which this website relates may be illiquid and/or subject to restrictions on its resale. You should conduct your own due diligence on the financial product.

You represent and warrant that you are a Professional Client (as set out in section 2.4 of the Conduct of Business Rulebook (COBS) of the FSRA Rules).

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

You hereby make the following representations, warranties and undertakings (as the case may be).

You understand that this website relates to Blackstone Private Equity Strategies Fund SICAV (“BXPE”), which is not subject to any form of regulation or approval by the Dubai Financial Services Authority (“DFSA”). The DFSA has no responsibility for reviewing or verifying any documents in connection with BXPE.

Accordingly, the DFSA has not approved this website nor taken any steps to verify the information set out in this website, and has no responsibility for it. This website is intended for distribution to ‘Deemed’ Professional Clients (as defined in the DFSA Rulebook). The fund to which this website relates may be illiquid and/or subject to restrictions on its resale. You should conduct your own due diligence on the Fund. If you do not understand the contents of this website you should consult an authorised financial adviser.

You represent and warrant that you are a “Deemed” Professional Client (as set out in section 2.3.4 Conduct of Business Module (COB) of the DFSA Rulebook).

Blackstone does not provide investment advice. You should consult an authorised person specialising in advising on investments prior to making any investment.

You hereby make the following representations, warranties and undertakings (as the case may be).

You understand that Blackstone Securities Partners L.P. (“BSP”) will serve as a placement agent for BXPE in Canada. BSP relies on the International Dealer Exemption in each province of Canada pursuant to section 8.18 of National Instrument 31‐103 Registration Requirements, Exemptions and Ongoing Registrant Obligations.

The website and the information contained herein are not, and under no circumstances are to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in Canada or any province or territory thereof. Under no circumstances are these materials and the information contained herein to be construed as an offer to sell securities or as a solicitation of an offer to buy securities in any jurisdiction of Canada. Any offer or sale of the securities described herein in Canada will be made only under an exemption from the requirements to file a prospectus with the relevant Canadian securities regulators and only by a dealer properly registered under applicable securities laws or, alternatively, pursuant to an exemption from the registration requirement in the relevant province or territory of Canada in which such offer or sale is made. No securities commission or similar regulatory authority in Canada has reviewed or in any way passed upon the merits of the investments described herein and any representation to the contrary is an offence. Under no circumstances is the information contained herein to be construed as an offer or solicitation to provide investment advice in any province or territory of Canada.

You represent and warrant that you are a “permitted client” as such term is defined in section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, respectively. In addition, you hereby confirm that it has expressly requested that the information contained herein be drawn up in the English language only. De plus, des reception de ces documents, chaque récipiendaire canadien confirme par la présente qu’il a expressément demandé que ces documents soient rédigés seulement en anglais.

THE PARTNERSHIP IS NOT PRESENTLY, NOR DOES IT INTEND TO BECOME, A “REPORTING ISSUER”, AS SUCH TERM IS DEFINED UNDER APPLICABLE PROVINCIAL OR TERRITORIAL SECURITIES LEGISLATION, IN ANY PROVINCE OR TERRITORY OF CANADA IN WHICH THE INTERESTS WILL BE OFFERED AND THERE CURRENTLY IS NO PUBLIC MARKET FOR ANY OF THE INTERESTS IN CANADA, AND ONE MAY NEVER DEVELOP.

This is a marketing communication. Please refer to the Key Information Document (KID) and Prospectus before making a final investment decision.

You must read the following information before proceeding. The following important information, together with the information available at the Legal and Transparency & Disclosure tabs of this website, governs your use of this website. Your use of this website and the materials herein constitutes your acceptance of these terms of use. If you do not agree with the terms of use, you should immediately cease use of the website and review of the materials.

No Offer of Securities or Investment Advice: This site and the materials herein are presented for informational purposes only. Neither the site nor the materials herein constitutes a solicitation or offer by Blackstone or its affiliates (collectively, “Blackstone”) to buy or sell any securities of any kind or provide any investment advice or service. This site does not provide specific investment advice to any individual viewing the content of the site and does not represent that the securities or services described herein are suitable for any specific investor.

Risks Associated with Investing: All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and key information document (collectively, the “Offering Documents”) contain this and other information about the Fund. All investors are urged to carefully read the Offering Documents in their entirety before investing.

Past performance does not predict future returns. There can be no assurance the Fund will achieve its objectives or avoid significant losses.

An investment in the Fund should be considered a speculative investment that entails substantial risks; you may lose part or all of your investment or your investment may not perform as well as other similar investments. The Fund’s investments involve significant risks including, but not limited to, loss of all or a significant portion of the investment due to leveraging, synthetic short-selling, derivatives or other speculative practices. Other risks include, but are not limited to: allocation risk, conflicts of interest risk, counterparty risk, foreign investments risk, high portfolio turnover risk, model and technology risk and volatility risk. See the “Risk Factors” in the Prospectus for a detailed discussion of these and other risks applicable to the Fund.

Nature of Information: Certain information on this site has been obtained from sources that Blackstone believes to be reliable as of the date presented; however, Blackstone cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. In particular, (i) pricing information is estimated and unaudited and (ii) commentary on specific securities, if any, reflects the author’s analysis. The information on this site is current as of the publication date indicated. Blackstone is under no obligation to update the information to reflect changes after the publication date.

Confidentiality: The information contained herein may not be reproduced or otherwise disseminated in whole or in part without the prior written consent of Blackstone.

By clicking accept, I confirm that the information provided on the prior page relating to my investor type and country of residence is accurate and I accept and acknowledge the important information above, together with the information available at the Legal and Transparency & Disclosure tabs of this website.

This is a marketing communication. Please refer to the Key Information Document (KID) and Prospectus before making a final investment decision.

This website is offered by The Blackstone Group (HK) Limited, which is licensed by the Securities and Futures Commission to carry out Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities as defined in the Securities and Futures Ordinance (Cap.571, the Laws of Hong Kong).

The contents of this website and the offering documents of the Fund have not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong and no action has been taken in Hong Kong to authorise this website or the materials on this website. You are advised to exercise caution when viewing this website. If you are in any doubt about the contents of this website, you should obtain independent professional advice.

Risks Associated with Investing: The information in this website contains information about complex products and investors should exercise caution in relation to the product. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and key information document (collectively the “Offering Documents”) contain this and other information about the Fund. All investors are urged to read the Offering Documents in their entirety before investing.

Past performance does not predict future returns. There can be no assurance the Fund will achieve its objectives or avoid significant losses.

Confidentiality: The information contained herein may not be reproduced or otherwise disseminated in whole or in part without the prior written consent of Blackstone.

No client relationship: The offering of this website, and your access to this website, does not constitute a client relationship between you and Blackstone. Blackstone is not providing services to you in a regulated activity per se by offering the website.

This website is provided by Blackstone Singapore Pte. Ltd., which is regulated by the Monetary Authority of Singapore. This website and its contents may only be viewed by persons in Singapore who are “institutional investors” or “accredited investors” as defined in section 4A of the Securities and Futures Act 2001 of Singapore. The products referred to in this website cannot be purchased by persons in Singapore who are not “institutional investors” or “accredited investors”.

This is a marketing communication. Please refer to the Key Information Document (KID) and Prospectus before making a final investment decision.

Past performance does not predict future returns. There can be no assurance the Fund will achieve its objectives or avoid significant losses.

Confidentiality: The information contained herein may not be reproduced or otherwise disseminated in whole or in part without the prior written consent of Blackstone.

The information on this site is provided by The Blackstone Group (Australia) Pty Limited (ACN 149 142 058; AFSL no. 408376).

As this site is for “Wholesale Clients” only, you are responsible for promptly updating us about any change in circumstances that cause you to no longer be categorized as a “Wholesale Client” and you must no longer access this site.

This is a marketing communication. Please refer to the Prospectus and any relevant Key Information Documents (KID) before making a final investment decision.

Past performance does not predict future returns. There can be no assurance the Fund will achieve its objectives or avoid significant losses.

No personal advice: The information on this site is provided for general informational purposes only and does not contain any personal advice or recommendation regarding any financial products. No consideration has been made of your individual investment objectives, financial situation, needs or circumstances. You will need to make your own enquiries and should seek all necessary financial, legal, tax and investment advice.

Confidentiality: The information contained herein may not be reproduced or otherwise disseminated in whole or in part without the prior written consent of Blackstone.

By clicking accept, I confirm that the information provided on the prior page relating to my country of residence and investor type is accurate and I accept and acknowledge the important information above, together with the information available at the Legal and Transparency & Disclosure tabs of this website.

I have read and agree to the terms and conditions

The information included in this website is restricted due to applicable securities laws in your country of residence. The information in this website is, therefore, not available to persons located in your country of residence and/or to all categories of investors.

If you are a US-based investor, click here to go to Blackstone Private Equity Strategies Fund L.P. (US fund) site BXPE.com.