UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM

8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~September~~October 291, 2025

Blackstone Private Equity Strategies Fund L.P.

Blackstone Private Equity Strategies Fund (TE) L.P.

(Exact name of Registrant as specified in its charter)

DelawareDelaware	000-56446000-56742	No. 88-~~187215688~~1872156No. 88-2930978
(State or other jurisdiction of incorporation)	(CommissionFile Number)	(I.R.S. Employer Identification No.)
(State or other jurisdictionof incorporation)	(CommissionFile Number)	(I.R.S. EmployerIdentification No.)
345 Park AvenueNew York, New York 10154
(Address of principal executive offices and zip code)

~~Registrant’s~~345 ~~telephone~~Park ~~number,~~Avenue ~~including area code:~~

New York, New York 10154

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212)

583-5000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form

8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class TradingSymbol(s) Name of each ~~exchange~~exchangeon on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule

12b-2

of the Securities Exchange Act of 1934

(§240.12b-2

of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3 5.0203 ~~Unregistered~~Amendments ~~Sales~~to Articles of ~~Equity~~Incorporation ~~Securities~~or Bylaws; Change in Fiscal Year.

On October 1, 2025, Blackstone Private Equity Strategies Fund L.P. (“BXPE U.S.”) entered into Amendment No. 1 (the “Amendment”) to its Second Amended and Restated Limited Partnership Agreement and Blackstone Private Equity Strategies Fund (TE) L.P. (the “Feeder” and collectively with BXPE U.S., the “Funds”) entered into Amendment No. 1 (the “Feeder Amendment” and collectively with the Amendment, the “Amendments”) to its Amended and Restated Limited Partnership Agreement, in each case, with Blackstone Private Equity Strategies Associates L.P., the general partner of the Funds, and each of the limited partners of BXPE U.S. and the Feeder, respectively.

The Amendments memorialize the terms of the unit redemption plan (“Unit Redemption Plan”) for the Funds. The terms of the Unit Redemption Plan are unchanged from the terms described under “

~~(2)~~Part I. Item 1. Business—Repurchase Program

” in BXPE U.S.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed on March 14, 2025. Such description is incorporated herein by reference. The Funds’ current redemption window commences on the open of business on October 1, 2025 and, unless extended, will close at 4:00 pm (Eastern time) on October 31, 2025, subject to the terms of the Unit Redemption Plan. More information on the Unit Redemption Plan, including the redemption price for each calendar quarter, is available on the Funds’ website at

	Number of Units Sold(3)		Consideration
Blackstone Private Equity Strategies Fund L.P.
Class I Units(2)		8,369,909	$	268,882,489
Class S Units		4,686,605	$	148,438,832
Class D Units		93,774	$	3,000,000
Class N Units		98,209	$	2,500,000
Total			$	422,821,321
Blackstone Private Equity Strategies Fund (TE) L.P.(2)
Class I Units		2,078,710	$	66,232,496
Class S Units		1,989,472	$	62,497,076
Class D Units		60,926	$	1,734,000
Total			$	130,463,572

www.bxpe.com.

The foregoing summary description of the Amendments does not purport to be complete and is qualified in its entirety by reference to the Amendments, copies of which are included as Exhibits 3.1 and 3.2 to this Current Report on Form

~~(1) The Funds invest alongside other Blackstone~~8-managed vehicles with substantially similar investment objectives and strategies that, together with the Funds, collectively form the “BXPE Fund Program.” On September 1, 2025, the BXPE Fund Program (inclusive of the Funds) issued interests for aggregate consideration of approximately $740.0 million.K

and incorporated herein by reference.

~~(2)~~Item 9.01 ~~The~~Financial ~~Feeder~~Statements ~~was established to allow certain investors with particular tax characteristics, such as tax-exempt investors~~ and ~~non-U~~Exhibits.S. investors, to participate in BXPE U.S. in a more tax efficient manner. Accordingly, the Feeder invests all or substantially all of its assets indirectly in BXPE U.S. in exchange for BXPE U.S. Class I Units. On September 1, 2025, the Feeder acquired 4,024,580 BXPE U.S. Class I Units for aggregate consideration of approximately $129.3 million.

(3d) ~~The~~Exhibits number of Units sold by each Fund was finalized on September 29, 2025, following the calculation of their respective transactional net asset values (each, a “Transactional NAV”) as of August 31, 2025. See Item 7.01 below for more information on the Funds’ Transactional NAVs.

The offer and sale of the Units were made as part of the Funds’ continuous private offerings to investors that are both (a) accredited investors (as defined in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”)) and (b) qualified purchasers (as defined in the Investment Company Act of 1940, as amended, and the rules thereunder) and were exempt from the registration provisions of the Securities Act pursuant to Section 4(a)(2) and Regulation D thereunder.


Exhibit No.		Description

Blackstone Private Equity Strategies Fund L.P.:

3.1		Amendment No. 1 to BXPE U.S.’s Second Amended and Restated Limited Partnership Agreement

Blackstone Private Equity Strategies Fund (TE) L.P.:

3.2		Amendment No. 1 to the Feeder’s Amended and Restated Limited Partnership Agreement

All Registrants:

104		Cover Page Interactive Data File, formatted in Inline XBRL

Item 7.01 Regulation FD Disclosure

Transactional Net Asset Value

The Transactional NAV per Unit for each class of the Funds as of August 31, 2025, is as follows:

	Transactional NAV as of August 31, 2025
Blackstone Private Equity Strategies Fund L.P.
Class I Unit	$	32.12
Class S Unit	$	31.67
Class D Unit	$	31.99
Class N Unit	$	25.46
Blackstone Private Equity Strategies Fund (TE) L.P.
Class I Unit	$	31.86
Class S Unit	$	31.41
Class D Unit	$	28.46

As of August 31, 2025, the BXPE Fund Program’s aggregate Transactional NAV was approximately $14.2 billion.

Part II, Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities—Calculation of Net Asset Value

month-end

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, ~~each~~the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BLACKSTONE PRIVATE EQUITY STRATEGIES FUND L.P.
	BLACKSTONE PRIVATE EQUITY STRATEGIESFUND L.P.
Date: September 29, 2025	By:	/s/ Christopher Striano
Date: October 1, 2025	By:	/s/ Katherine O’Neil
	Name:	~~Christopher~~Katherine ~~Striano~~O’Neil
	Title:	Chief ~~Financial~~Legal Officer and Secretary
	BLACKSTONE PRIVATE EQUITY STRATEGIES FUND (TE) L.P.
	BLACKSTONE PRIVATE EQUITY STRATEGIESFUND (TE) L.P.
Date: September 29, 2025	By:	/s/ Christopher Striano
Date: October 1, 2025	By:	/s/ Katherine O’Neil
	Name:	~~Christopher~~Katherine ~~Striano~~O’Neil
	Title:	Chief ~~Financial~~Legal Officer and Secretary

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