Blackstone European Property Income Fund SICAV / (BEPIF)

Blackstone European Property Income Fund SICAV / (BEPIF) is an open-end SICAV launched by Blackstone in 2021 and domiciled in Luxembourg, where it is authorised under the UCI Part II framework rather than as an ELTIF, giving it the classification Non-ELTIF and the designation N/A on the ELTIF dimension. The vehicle invests in real estate following a core / core plus approach, is denominated in USD, and is classified Article 8 under SFDR. It is one of 44 real estate funds tracked in this database of 494 vehicles, one of 347 domiciled in Luxembourg, and one of 31 that combine both characteristics, with data shown as of 31 Aug 2026.

Access and liquidity mechanics follow the semi-liquid evergreen model: subscriptions are accepted on a monthly basis from a minimum commitment of 25,000 USD, repurchase requests are processed monthly subject to a notice period of 30, and valuations are struck monthly, so dealing prices align with the reporting cycle. Early repurchases are subject to an initial soft lock-up, and redemptions remain conditional on the periodic capacity limits typical of open-end property vehicles, which is the principal constraint to model against the underlying illiquidity of directly held real estate. Both private and institutional investors are in scope, with distribution across Europe.

The fee structure includes a performance component of , which can be compared with the terms disclosed by the other 31 real estate funds domiciled in Luxembourg. Scale is indicated by , with the direction of flows over recent reporting periods shown by , while portfolio exposure by country is set out in , allowing the regional concentration to be read against the broader 44-fund real estate cohort.