Blackstone launches retail fund BXPM starting in Canada

Blackstone launched its Blackstone Private Markets Fund (BXPM) in Canada on 24 September 2026, marking the first time the asset manager has combined private equity, infrastructure, real estate, and credit into a single retail fund. Following the Canadian debut, the firm plans to roll out the fund in Japan.

The fund is structured with 50 percent allocated to private equity, 20 percent to infrastructure, 20 percent to real estate, and 10 percent to credit. BXPM is available to accredited investors and features quarterly redemptions capped at 3 percent of net asset value.

Blackstone manages over US$1.3 trillion globally, including US$324 billion from individual investors, with US$5 billion sourced from Canadian retail clients. The firm operates Canadian offices in Vancouver, Toronto, and Montreal.

The launch follows large Canadian transactions by Blackstone, including leading a $7-billion deal for a minority stake in Rogers Communications wireless infrastructure last year and acquiring a 25 percent stake in Air Canada Aeroplan loyalty program for $2.5 billion alongside Canadian pension funds in August.