Blackstone GP Stakes III L.P.
Raised
$639M
Investors
15
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
Blackstone GP Stakes III L.P. is a Delaware-domiciled pooled investment fund that filed an amended Form D on 2026-11-06, reporting $639.1M raised from 15 investors under Rule 506(b) combined with the Section 3(c) Investment Company Act exclusion. Minimum investment is not disclosed on the filing, and the entity is tied to Blackstone's Strategic Capital group via named promoters Blackstone Strategic Capital Associates III L.P. and BSCA III L.L.C., though no formal parent platform has been matched in this database yet.
This filing sits at the large-scale institutional end of the alternative investment category, with a $639.1M raise from only 15 investors implying very large average check sizes typical of GP-stakes and private-equity-adjacent vehicles. The combined 506(b)/3(c) exemption structure is standard for institutional private funds seeking both securities and investment-company exemptions, and the undisclosed minimum investment is consistent with filings in this size tier.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
In the Terminal
Filing events
1
latest Nov 4, 2025
Critical / warning
0 / 0
0 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
pre_sale
Latest event New filer · Nov 4, 2025
SEC.govFund family Part of the Blackstone GP Stakes family: 2 vehicles across 1 generation · full family and the filing behind each link in the terminal
Investor
- The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- 1 filing event with values and deltas, latest 2025-11-04, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
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Adviser of Record (Form ADV)
CRD 165796 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund
Auditor named on Form ADV: Deloitte & Touche LLP · PCAOB-registered per the adviser
From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
n/a Blackstone Strategic Capital Associates III L.P.
Promoter · New York, NY
n/a BSCA III L.L.C.
Promoter · New York, NY
Verdun Perry
Executive Officer · New York, NY
Joshua Blaine
Executive Officer · New York, NY
David Corey
Executive Officer · New York, NY
Jonathan Jacoby
Executive Officer · New York, NY
Emily Mathews
Executive Officer · New York, NY
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
Compass Group Global Advisors S.A.
Associated broker-dealer: None · Montevideo, X3 and outside the United States
NH Investment & Securities
Associated broker-dealer: None · Seoul, M5 and outside the United States
Questions About Blackstone GP Stakes III L.P.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Blackstone GP Stakes III L.P.?
Blackstone GP Stakes III L.P. is a Delaware limited partnership that filed a Form D with the SEC on November 4, 2025 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.
Is Blackstone GP Stakes III L.P. legit?
AltStreet does not rate legitimacy; it reports the public record. Blackstone GP Stakes III L.P. filed a Form D with the SEC on November 4, 2025 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. No sales had been reported as of that notice. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is Blackstone GP Stakes III L.P. registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Blackstone GP Stakes III L.P. claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has Blackstone GP Stakes III L.P. raised?
Blackstone GP Stakes III L.P. reported that the first sale had not yet occurred as of the Form D filed November 4, 2025, so no amount sold or investor count is on file. The total offering amount is listed as indefinite.
Who can invest in Blackstone GP Stakes III L.P.?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in Blackstone GP Stakes III L.P.?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling Blackstone GP Stakes III L.P. and how are they paid?
The Form D names Compass Group Global Advisors S.A., associated with None; NH Investment & Securities, associated with None as recipients of sales compensation. Sales commissions are reported as $2,375,000 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Blackstone GP Stakes III L.P.?
The Form D lists 7 related persons: Blackstone Strategic Capital Associates III L.P., promoter ("The General Partner of the Issuer (the ""GP"")"); BSCA III L.L.C., promoter (The General Partner of the GP); Verdun S. Perry, executive officer (Global Head of the General Partner of the GP); Joshua S. Blaine, executive officer (Senior Managing Director of the General Partner of the GP); David J. Corey, executive officer (Senior Managing Director of the General Partner of the GP); Jonathan A. Jacoby, executive officer (Managing Director of the General Partner of the GP); Emily C.H. Mathews, executive officer (Managing Director and General Counsel of the General Partner of the GP). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Blackstone GP Stakes III L.P. located?
The issuer's address on its SEC filings is 345 Park Avenue, New York, NY 10154. Its phone number of record is 212-583-5000. It is organized under the laws of Delaware.
How long is the Blackstone GP Stakes III L.P. offering open?
The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.
How large is Blackstone GP Stakes III L.P.?
The issuer declined to disclose its revenue range on the Form D, which the form permits.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.