Blackstone Private Markets Fund

Blackstone Private Markets Fund is an open-ended evergreen vehicle managed by Blackstone, structured as a SICAV domiciled in Luxembourg and authorised under the UCI Part II regime. It is classified as a Non-ELTIF vehicle, with N/A recorded for ELTIF versioning, and is distributed on a pan-European basis to both professional and eligible retail investors. The portfolio follows a multi asset approach within the multi-asset segment, dated to an inception year of 2026 and denominated in USD. Under SFDR it is reported as Article 6.

Dealing mechanics follow the semi-liquid template common to this cohort: subscriptions are accepted on a monthly basis against a monthly net asset value, while redemptions are processed only on a quarterly cycle and require 65 days of advance notice. A soft lock-up applies to early redemptions, so the effective liquidity profile is materially slower than the subscription cadence suggests and should be assessed against the vehicle's underlying private-market exposures rather than its dealing calendar. The minimum initial commitment is 10,000 USD, placing the fund within reach of wealth and private-bank distribution channels alongside institutional allocators.

On fees, the vehicle charges a management fee of and a performance fee of , both of which can be compared with the 62 funds tracked in the same asset class and the 33 that share both that asset class and Luxembourg as a domicile. More broadly, it sits among 347 Luxembourg-domiciled vehicles within a tracked universe of 494 funds, a grouping in which UCI Part II structures and quarterly redemption terms are the prevailing configuration.