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Net Asset Value as Fair Value
9 Months Ended
Sep. 30, 2024
Net Asset Value as Fair Value
5.  Net Asset Value as Fair Value
A summary of fair value by strategy type and ability to redeem such investments as of September 30, 2024 is presented below:
 
                                                                          
         
Redemption
   
         
Frequency
 
Redemption
Strategy (a)
  
Fair Value
  
 (if currently eligible) 
 
Notice Period
Equity
  
 $
413,313
 
  
(b)
 
(b)
Real Estate
  
 
83,505
 
  
(c)
 
(c)
Other
  
 
6,952
 
  
(d)
 
(d)
  
 
 
 
    
  
 $
   503,770
 
    
  
 
 
 
    
 
(a)
As of September 30, 2024, Blackstone had no unfunded commitments.
(b)
The Equity category includes investments in hedge funds that invest primarily in domestic and international equity securities. Investments representing 69% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date. Investments representing 31% of the fair value of the investments in this category are redeemable as of the reporting date.
(c)
The Real Estate category includes investments in funds that primarily invest in real estate assets. All investments in this category are redeemable as of the reporting date.
(d)
Other is composed of the Credit Driven category, the Commodities category and the Diversified Instruments category. The Credit Driven category includes investments in hedge funds that invest primarily in domestic and international bonds. The Commodities category includes investments in commodities-focused funds that primarily invest in futures and physical-based commodity driven strategies. The Diversified Instruments category includes investments in funds that invest across multiple strategies. All investments in these categories may not be redeemed at, or within three months of, the reporting date.