BXGA is a Delaware limited liability company. BXGA provides investment advisory services to
Blackstone Growth L.P., a Delaware limited partnership (together with its parallel funds and any
alternative investment vehicles or feeder vehicles, “BXG I”), and anticipates providing investment
advisory services to Blackstone Growth II L.P., a Delaware limited partnership (together with its
parallel funds and any alternative investment vehicles or feeder vehicles, “BXG II”), once the
investment period starts, Comparable Funds (as defined below) and co-investment vehicles in
the Blackstone growth program (collectively, with BXG I and each other fund described above,
“Blackstone Growth Program” or the “Funds”). The Funds seek to invest alongside other funds,
investment vehicles and / or managed accounts that are part of the Blackstone Growth Program
(the “Comparable Funds”). The Funds are investment funds that seek to deliver attractive risk-
adjusted returns by investing in dynamic, growth-stage businesses during the phase between
venture capital funding and traditional buyouts. The Funds’ investments focus on five core
sectors – Consumer Brands, Consumer Technology, Enterprise Solutions, Financial Services, and
Healthcare. Affiliates of BXGA serve as general partners (collectively, the “General Partners” and
each a “General Partner”) of the Funds. BXGA has been in business since February 2019.
References throughout this Brochure to the term “Sponsor” describe, as the context or applicable
law requires, individually and collectively, the General Partners and BXGA, and all references
herein to the Sponsor or to any rights, powers, responsibilities, or activities of the Sponsor are
qualified in all respects by the Organizational Documents (as defined herein), all of which should
be carefully
reviewed by each potential investor for, among other things, a more detailed
description of the relative rights, powers, responsibilities and activities of each of the General
Partners and BXGA. References throughout this Brochure to the term “limited partners” refers
to investors in the Funds.
The ultimate parent of BXGA is Blackstone Inc. (together with its affiliates, “Blackstone”), which
is a publicly traded corporation listed on the New York Stock Exchange and which trades under
the ticker symbol “BX”. Blackstone is a leading global alternative investment manager with
investment vehicles focused on private equity, real estate, hedge fund solutions, credit,
infrastructure, secondary funds, tactical opportunities, infrastructure, insurance solutions and
life sciences.
Please see Item 10 – Other Financial Industry Activities and Affiliations for more information.
BXGA’s regulatory assets under management (“RAUM”) were $8,535,145,117 as of December
31, 2023.
Description of Advisory Services:
BXGA serves as investment advisor to the Funds pursuant to the terms of the investment advisory
agreements (the “Advisory Agreements”) with respect to each of the Funds, and makes
investment decisions for the Funds including by evaluating investments for the Funds.
The individual needs of the investors in the Funds are not the basis of investment decisions by
BXGA. Investment advice is provided directly to the Funds by BXGA and not individually to the
Funds’ investors.
Through a series of delegation agreements, BXGA also provides specific portfolio management
services to certain private investment funds managed by an affiliated alternative investment fund
manager for the purposes of the European Union Alternative Investment Fund Managers
Directive (“AIFMD”).