Investor Presentaiton
INVESTMENT RECORDS AS OF SEPTEMBER 30, 2022 (a)
($/€ in thousands, except where noted)
BREP Int'l (Jan 2001
BREP Int'l II (Sep 2005
BREP Europe III (Jun 2008
BREP Europe IV (Sep 2013
Fund (Investment Period Beginning Date / Ending Date)
Real Estate
Pre-BREP
BREPI (Sep 1994 / Oct 1996)
BREP II (Oct 1996 / Mar 1999)
BREP III (Apr 1999 / Apr 2003)
BREP IV (Apr 2003 / Dec 2005)
BREP V (Dec 2005 / Feb 2007)
BREP VI (Feb 2007 / Aug 2011)
BREP VII (Aug 2011 Apr 2015)
BREP VIII (Apr 2015 / Jun 2019)
BREP IX (Jun 2019 / Aug 2022)
*BREP X (Aug 2022 / Feb 2028)
Total Global BREP
Sep 2005)
Committed
Capital
Available
Capital (b)
Unrealized Investments
Realized Investments
Total Investments
Net IRRS (d)
Value
MOIC (c)
Value
MOIC (c)
Value
MOIC (c) Realized Total
$
140,714 $
S
n/a
$
380,708
n/a
345,190
1,327,708
2.5x
2.8x
$
345,190
2.5x
33%
33%
1,327,708
2.8x
40%
40%
1,198,339
n/a
2,531,614
2.1x
2,531,614
2.1x
19%
19%
1,522,708
n/a
3,330,406
2.4x
3,330,406
2.4x
21%
21%
2,198,694
23,471
n/a
4,640,501
1.7x
4,663,972
1.7x
12%
12%
5,539,418
7,046
n/a
11,060,444
550,439
253,813
1.7x
13,501,376
1,513,376
3,386,357
0.8x
13,450,289
27,511,017
27,989,427
16,592,910
2,298,180
14,936,814
1.6x
21,601,305
5,428,469
24,944,045
1.6x
21,372,021
7,643,491
2.3x
2.5x
2.4x
2.5x
13,457,335
2.3x
11%
11%
27,764,830
2.5x
13%
13%
31,375,784
2.0x
22%
15%
36,308,835
2.1x
28%
18%
2.2x
32,587,536
1.7x
67%
34%
26,542,960
26,320,364
209,582
0.9x
n/a
209,582
0.9x
n/a
n/m
$
100,279,576 $
€
824,172 €
36,110,828 $
€
43,761,128
1.5x
$
n/a €
110,141,664
1,373,170
2.4x
$
153,902,792
2.0x
18%
16%
2.1x €
1,373,170
2.1x
23%
23%
Jun 2008) (e)
Sep 2013)
1,629,748
n/a
2,583,032
1.8x
2,583,032
1.8x
8%
8%
3,205,318
437,071
251,497
0.5x
5,811,684
2.4x
6,063,181
2.0x
19%
14%
Dec 2016)
6,673,049
1,473,527
1,728,575
1.2x
9,747,521
2.0x
11,476,096
1.8x
20%
13%
BREP Europe V (Dec 2016
Oct 2019)
7,965,078
1,430,203
5,708,266
1.1x
6,537,218
4.0x
12,245,484
1.8x
43%
13%
*BREP Europe VI (Oct 2019 Apr 2025)
9,925,135
6,426,505
4,626,528
1.2x
3,273,739
2.6x
7,900,267
1.6x
75%
24%
Total BREP Europe
BREP Asia I (Jun 2013
Dec 2017)
BREP Asia II (Dec 2017
Mar 2022)
*BREP Asia III (Mar 2022
Sep 2027)
€
30,222,500 €
9,767,306 €
12,314,866
1.1x €
29,326,364
2.4x
€
41,641,230
1.8x
17%
13%
$
4,263,411 $
897,775 $
2,212,848
7,369,945
1,627,900
7,256,313
1.4x $
1.3x
6,316,167
818,696
2.1x $
8,529,015
1.8x
20%
13%
1.8x
8,075,009
1.3x
43%
8%
8,068,957
7,285,192
694,806
0.9x
n/a
694,806
0.9x
n/a
n/m
BREP Co-Investment (f)
Total BREP
*BREDS High-Yield (Various) (g)
Private Equity
Corporate Private Equity
BCPI (Oct 1987 / Oct 1993)
7,208,136
163,184,517 $
19,981,503
37,995
55,533,602
5,176,958
951,100
2.3x
$
69,004,146
5,398,871
1.4x
$
1.0x
15,043,270
168,186,629
16,644,956
2.2x
2.4x $
1.3x
15,994,370
2.2x
16%
16%
237,190,775
22,043,826
1.9x
17%
16%
1.2x
10%
9%
BCP II (Oct 1993 / Aug 1997)
BCP III (Aug 1997 / Nov 2002)
BCOM (Jun 2000 Jun 2006)
BCP IV (Nov 2002 Dec 2005)
BCP V (Dec 2005 / Jan 2011)
BCP VI (Jan 2011 May 2016)
BCP VII (May 2016 / Feb 2020)
*BCP VIII (Feb 2020 Feb 2026)
BCP IX (TBD)
Energy (Aug 2011
Feb 2015)
Energy II (Feb 2015 Feb 2020)
*Energy III (Feb 2020 / Feb 2026)
BCP Asia (Dec 2017 Sep 2021)
*BCP Asia II (Sep 2021 Sep 2027)
Core Private Equity I (Jan 2017 Mar 2021) (h)
*Core Private Equity II (Mar 2021 Mar 2026) (h)
Total Corporate Private Equity
$
859,081 $
$
n/a
$
1,361,100
n/a
1,741,738
3,256,819
3,967,422
n/a
9,184,688
2.6x $
2.5x
2.3x
1,741,738
2.6x
19%
19%
3,256,819
2.5x
32%
32%
9,184,688
2.3x
14%
14%
2,137,330
24,575
14,208
n/a
2,953,649
1.4x
2,967,857
1.4x
6%
6%
6,773,182
157,644
136,355
1.2x
21,479,599
2.9x
21,615,954
2.8x
36%
36%
21,009,112
1,035,259
115,599
7.8x
38,427,169
1.9x
38,542,768
1.9x
8%
8%
15,195,537
1,158,107
7,117,830
1.9x
24,467,594
2.2x
31,585,424
2.1x
16%
12%
18,860,928
1,612,486
21,198,399
1.6x
10,590,931
2.4x
31,789,330
1.8x
34%
14%
25,432,016
14,722,928
13,633,546
1.3x
573,328
3.0x
14,206,874
1.3x
n/m
18%
14,411,850
14,411,850
n/a
n/a
n/a
n/a
n/a
2,441,558
142,138
661,369
1.7x
3,999,633
2.0x
4,661,002
1.9x
17%
12%
4,938,719
847,680
4,865,944
1.7x
2,104,834
1.2x
6,970,778
1.5x
1%
8%
4,338,099
2,114,159
2,918,920
1.5x
533,929
2.8x
3,452,849
1.6x
66%
38%
2,452,208
663,800
2,882,092
1.8x
1,404,049
4.8x
4,286,141
2.2x
97%
34%
6,554,832
6,462,967
(3,277)
n/a
n/a
(3,277)
n/a
n/a
n/a
4,764,469
1,093,991
$
8,189,963
143,687,406 $
5,720,136
50,167,720
$
7,927,971
2,516,238
63,985,194
2.1x
1.0x
1.6x $
2,260,394
9,592
122,987,946
4.1x
10,188,365
2.3x
55%
24%
n/a
2,525,830
1.0x
n/a
2%
2.2x $
186,973,140
1.9x
16%
15%
Notes on page 21. BREP - Blackstone Real Estate Partners, BREDS Blackstone Real Estate Debt Strategies, BCP - Blackstone Capital Partners, BCOM - Blackstone Communications.
* Represents funds that are currently in their investment period.
Blackstone 19View entire presentation