{"filing":{"accession_number":"0001193125-26-331588","cik":"0002095486","ticker":null,"company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","form":"8-K","filing_date":"2026-08-04","report_date":"2026-07-29","primary_document":"d137097d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/2095486/000119312526331588/d137097d8k.htm"},"events":[{"id":23868,"run_id":21589,"accession_number":"0001193125-26-331588","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"summary":"The Fund entered into a material definitive investment management agreement with Blackstone Alternative Asset Management L.P. and BXHF Aggregator on July 29, 2026, governing how the Fund will invest substantially all of its assets through the Aggregator and including modifications to management fees and new unit classes.","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04","form":"8-K","submitted_at":null,"items":[{"id":24219,"accession_number":"0001193125-26-331588","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The Fund entered into a material definitive investment management agreement with Blackstone Alternative Asset Management L.P. and BXHF Aggregator on July 29, 2026. While this is technically a service agreement rather than a traditional M\u0026A transaction, Item 1.01 is being used to disclose it, and the agreement governs how the Fund will invest \"all or substantially all of its assets\" through the Aggregator, making it a foundational operational and financial arrangement material to the Fund's structure and operations. The agreement includes modifications to management fees and new unit classes, indicating substantive changes to the Fund's capital structure and governance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":23869,"run_id":21589,"accession_number":"0001193125-26-331588","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"The Fund entered into a revolving credit agreement on July 30, 2026, creating a new direct financial obligation of up to $20 million, collateralized by investments and distributions, with interest at three-month SOFR plus 1.50% spread plus 0.50% commitment fee, maturing May 15, 2027 with renewal through May 9, 2028.","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04","form":"8-K","submitted_at":null,"items":[{"id":24220,"accession_number":"0001193125-26-331588","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The filing discloses entry into a revolving credit agreement on July 30, 2026, creating a new direct financial obligation of up to $20 million. The agreement specifies interest rates (three-month SOFR plus 1.50% spread plus 0.50% commitment fee), maturity dates (May 15, 2027 with renewal through May 9, 2028), and security provisions (collateralized by investments and distributions). This is a classic debt issuance under Item 2.03, creating a material new financing obligation for the fund.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":23870,"run_id":21589,"accession_number":"0001193125-26-331588","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"The Fund issued 5,795,000 unregistered Class IF limited partnership units for approximately $145 million on August 3, 2026, pursuant to Section 4(a)(2) and Regulation D exemptions to accredited investors and qualified purchasers.","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04","form":"8-K","submitted_at":null,"items":[{"id":24221,"accession_number":"0001193125-26-331588","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Fund issued 5,795,000 unregistered Class IF limited partnership units for approximately $145 million on August 3, 2026, pursuant to Section 4(a)(2) and Regulation D exemptions. This is a classic private placement of equity securities to accredited investors and qualified purchasers, fitting the dilutive_issuance category. The material capital raise and dilution to existing unitholders make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":23871,"run_id":21589,"accession_number":"0001193125-26-331588","anchor_item_number":"5.03","event_type":"governance_other","event_domain":"governance","is_material":false,"confidence":0.75,"summary":"The Fund amended its Limited Partnership Agreement to implement substantive changes including new unit classes, performance allocations, leverage policy adjustments, and director approval clarifications.","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04","form":"8-K","submitted_at":null,"items":[{"id":24222,"accession_number":"0001193125-26-331588","item_number":"5.03","item_title":null,"event_type":"governance_other","event_domain":"governance","is_material":false,"confidence":0.75,"reasoning":"This disclosure concerns an amendment to the Fund's Limited Partnership Agreement, a governance document governing the fund's structure and operations. While the amendment includes substantive changes (new unit classes, performance allocations, leverage policy adjustments, and director approval clarifications), these are routine administrative and structural modifications typical of hedge fund governance that do not rise to the level of material events affecting investor assessment of the fund's financial condition or operations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":23872,"run_id":21589,"accession_number":"0001193125-26-331588","anchor_item_number":"8.01","event_type":"operational_other","event_domain":"operational","is_material":false,"confidence":0.65,"summary":"The Fund disclosed its portfolio composition and warehousing arrangement with Blackstone Holdings Finance Co. L.L.C. under a December 18, 2025 agreement, including $85.6 million in unfunded commitments.","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04","form":"8-K","submitted_at":null,"items":[{"id":24223,"accession_number":"0001193125-26-331588","item_number":"8.01","item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":false,"confidence":0.65,"reasoning":"This disclosure describes the Fund's portfolio composition and its warehousing arrangement with Blackstone Holdings Finance Co. L.L.C. under a December 18, 2025 agreement. While the warehousing structure and $85.6 million in unfunded commitments are operational details relevant to the Fund's investment activities, the disclosure is primarily informational about the Fund's existing portfolio and contractual arrangements rather than announcing a material change, new event, or triggering condition. The language is routine and administrative in nature, describing the status quo as of August 4, 2026.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":24219,"accession_number":"0001193125-26-331588","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The Fund entered into a material definitive investment management agreement with Blackstone Alternative Asset Management L.P. and BXHF Aggregator on July 29, 2026. While this is technically a service agreement rather than a traditional M\u0026A transaction, Item 1.01 is being used to disclose it, and the agreement governs how the Fund will invest \"all or substantially all of its assets\" through the Aggregator, making it a foundational operational and financial arrangement material to the Fund's structure and operations. The agreement includes modifications to management fees and new unit classes, indicating substantive changes to the Fund's capital structure and governance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04"},{"id":24220,"accession_number":"0001193125-26-331588","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The filing discloses entry into a revolving credit agreement on July 30, 2026, creating a new direct financial obligation of up to $20 million. The agreement specifies interest rates (three-month SOFR plus 1.50% spread plus 0.50% commitment fee), maturity dates (May 15, 2027 with renewal through May 9, 2028), and security provisions (collateralized by investments and distributions). This is a classic debt issuance under Item 2.03, creating a material new financing obligation for the fund.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04"},{"id":24221,"accession_number":"0001193125-26-331588","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Fund issued 5,795,000 unregistered Class IF limited partnership units for approximately $145 million on August 3, 2026, pursuant to Section 4(a)(2) and Regulation D exemptions. This is a classic private placement of equity securities to accredited investors and qualified purchasers, fitting the dilutive_issuance category. The material capital raise and dilution to existing unitholders make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04"},{"id":24222,"accession_number":"0001193125-26-331588","item_number":"5.03","item_title":null,"event_type":"governance_other","event_domain":"governance","is_material":false,"confidence":0.75,"reasoning":"This disclosure concerns an amendment to the Fund's Limited Partnership Agreement, a governance document governing the fund's structure and operations. While the amendment includes substantive changes (new unit classes, performance allocations, leverage policy adjustments, and director approval clarifications), these are routine administrative and structural modifications typical of hedge fund governance that do not rise to the level of material events affecting investor assessment of the fund's financial condition or operations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04"},{"id":24223,"accession_number":"0001193125-26-331588","item_number":"8.01","item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":false,"confidence":0.65,"reasoning":"This disclosure describes the Fund's portfolio composition and its warehousing arrangement with Blackstone Holdings Finance Co. L.L.C. under a December 18, 2025 agreement. While the warehousing structure and $85.6 million in unfunded commitments are operational details relevant to the Fund's investment activities, the disclosure is primarily informational about the Fund's existing portfolio and contractual arrangements rather than announcing a material change, new event, or triggering condition. The language is routine and administrative in nature, describing the status quo as of August 4, 2026.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:23:56.278820+00:00","company_name":"Blackstone Multi-Strategy Hedge Fund L.P.","ticker":null,"filing_date":"2026-08-04"}]}