Tue, May 14, 8:05 PM (245 days ago)
Blackstone Private Equity Strategies Fund L.P. (BXPE U.S.) reported a net asset value (NAV) of $1.9 billion as of March 31, 2024, primarily driven by investments in its affiliate, BXPE US Aggregator (CYM) L.P. The Aggregator's portfolio includes investments in private equity, debt securities, and affiliated investee funds, with significant allocations to technology, consumer services, and industrials sectors. For Q1 2024, BXPE U.S. recorded a net increase in assets of $27.2 million, attributed to unrealized gains on investments. The Aggregator reported $30.8 million in net income from operations, driven by interest income and unrealized investment gains, partially offset by management and performance fees. BXPE U.S. and the Aggregator maintain strong liquidity with cash and equivalents of $0.5 million and $569.1 million, respectively. Future operations may be impacted by market risks such as interest rates and foreign exchange fluctuations. The Fund has issued $2.6 billion in subscriptions to date, with ongoing commitments to new investments.