EX-99.(a)(1)(iii)

EX-99.(A)(1)(III) 4 d228253dex99a1iii.htm EX-99.(A)(1)(III) EX-99.(a)(1)(iii)

Exhibit (a)(1)(iii)

Letter of Transmittal

Regarding Shares in Blackstone Alternative Alpha Fund

For Clients of Raymond James Financial Services, Inc., UBS Financial Services Inc.,

Fidelity Brokerage Services LLC, and Concert Wealth Management Inc.

Tendered Pursuant to the Offer to Purchase

Dated September 20, 2016

The Offer and withdrawal rights will expire on October 20, 2016

and this Letter of Transmittal must be received by

the Fund’s Administrator, either by mail or by fax, by 11:59 p.m.,

Eastern Time, on October 20, 2016, unless the Offer is extended

Complete this Letter of Transmittal and follow the Transmittal

Instructions included herein

Ladies and Gentlemen:

The undersigned hereby tenders to Blackstone Alternative Alpha Fund, a closed-end, non-diversified, management investment company organized under the laws of The Commonwealth of Massachusetts (the “Fund”), the shares of beneficial interest in the Fund or portion thereof held by the undersigned, described and specified below, on the terms and conditions set forth in the Offer to Purchase dated September 20, 2016 (the “Offer to Purchase”), receipt of which is hereby acknowledged, and in this Letter of Transmittal (which together with the Offer to Purchase constitute the “Offer”). The Tender and this Letter of Transmittal are subject to all the terms and conditions set forth in the Offer to Purchase, including, but not limited to, the absolute right of the Fund to reject any and all tenders determined by it, in its sole discretion, not to be in the appropriate form.

The undersigned hereby sells to the Fund the shares of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.

A non-transferable, non-interest bearing promissory note for the purchase price will be issued to the undersigned if the Fund accepts for purchase the shares tendered hereby. The undersigned acknowledges that State Street Bank and Trust Company, the Fund’s administrator, will hold the promissory note on behalf of the undersigned. The cash payment(s) of the purchase price for the shares of beneficial interest in the Fund or portion thereof of the undersigned, as described in Section 6 of the Offer to Purchase, shall be wired to the account at your financial intermediary from which your subscription funds were debited.

All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and the obligation of the undersigned hereunder shall be binding on the heirs, personal representatives, successors and assigns of the undersigned. Except as stated in Section 5 of the Offer to Purchase, this tender is irrevocable.

(PAGE 1 of 3)

VALUATION DATE: December 31, 2016

TENDER OFFER EXPIRATION DATE: 11:59 p.m. (Eastern Time), October 20, 2016

PARTS 1, 2, 3, AND 4 MUST BE COMPLETED AND IN GOOD ORDER IN ORDER TO PROCESS YOUR REQUEST

If You Invest In The Fund Through A Financial Intermediary Through Whom You Expect To Have Your Tender Offer Request Submitted, Please Allow For Additional Processing Time As The Letter of Transmittal Must Ultimately Be Received By The Fund’s Administrator No Later Than 11:59 p.m. (Eastern Time) On The Expiration Date.

PLEASE FAX OR MAIL TO THE FUND’S ADMINISTRATOR AT:

Regular Mail

Fax: (617) 956-0400

State Street Bank and Trust Company

Attn: Blackstone Alternative Alpha Fund

1 Heritage Drive, Mail Code: OHD0100

North Quincy, MA 02171

FOR ADDITIONAL INFORMATION CALL:

(855) 890-7725

PART 1 – NAME (AS IT APPEARS ON YOUR BLACKSTONE ALTERNATIVE ALPHA FUND STATEMENT) AND CONTACT INFORMATION


Fund Name:
Fund Account #:
Account Name/Registration:
Address:
City, State, Zip:
Telephone Number:
Email Address:
Financial Intermediary Firm Name:
Financial Intermediary Account #:
Financial Advisor Name:
Financial Advisor Telephone #:

PART 2 – REQUESTED TENDER AMOUNT

Please select repurchase type by checking one of the boxes below. If you are requesting a partial repurchase, please provide a number of Shares.

¨	Full Repurchase

¨	Partial Repurchase* of Shares (please only provide a number of Shares, not a dollar amount)

*	If the requested partial repurchase would put the account balance below the required minimum balance, the Fund may reduce the amount to be repurchased such that the required minimum balance is maintained, unless you indicate otherwise by checking the following box:

¨	Change request to Full Repurchase if amount requested to be repurchased would need to be reduced to maintain minimum account balance

(PAGE 2 of 3)

BLACKSTONE ALTERNATIVE ALPHA FUND ACCOUNT #: (Should be the same as on page 2)

PART 3 – PAYMENT

Payments will be directed back to the account at your financial intermediary from which your subscription funds were debited. Contact your financial intermediary if you have any questions.

PART 4 – SIGNATURE(S)

The undersigned subscriber acknowledges that this request is subject to all the terms and conditions set forth in the Fund’s Prospectus and the Offer to Purchase dated September 20, 2016 (the “Offer to Purchase”) and all capitalized terms used herein have the meaning as defined in the Fund’s Prospectus. This request is irrevocable except as described in the Offer to Purchase. The undersigned represents that the undersigned is the beneficial owner of the shares in the Fund to which this repurchase request relates, or that the person signing this request is an authorized representative of the tendering shareholder.

In the case of joint accounts, each joint holder must sign this repurchase request. Requests on behalf of a foundation, partnership or any other entity should be accompanied by evidence of the authority of the person(s) signing.


Signature	Print Name of Authorized Signatory (and Title if applicable)	Date


Signature	Print Name of Authorized Signatory (and Title if applicable)	Date

(PAGE 3 of 3)

Letter of Transmittal

Regarding Shares in Blackstone Alternative Alpha Fund

For Clients of Merrill Lynch, Pierce, Fenner & Smith Incorporated

Tendered Pursuant to the Offer to Purchase

Dated September 20, 2016

Your Merrill Lynch Financial Advisor/Portfolio Manager must submit

this Letter of Transmittal for processing by

11:59 p.m., Eastern Time, on October 20, 2016

The Offer and withdrawal rights will expire on

October 20, 2016, unless the Offer is extended

Should you wish to participate in the Offer, please contact your Merrill Lynch Financial Advisor/Portfolio Manager who will enter the order and provide you with a customized Letter of Transmittal for your account. The Letter of Transmittal generated for your account will need to be signed and returned or delivered to your Merrill Lynch Financial Advisor/Portfolio Manager.

For additional information call your Merrill Lynch Financial Advisor/Portfolio Manager.

(PAGE 1 of 6)

Blackstone Alternative Alpha Fund

Ladies and Gentlemen:

The undersigned hereby tenders to Blackstone Alternative Alpha Fund, a closed-end, non-diversified, management investment company organized under the laws of the Commonwealth of Massachusetts (the “Fund”), the shares of beneficial interest in the Fund or portion thereof held by the undersigned, described and specified below, on the terms and conditions set forth in the Offer to Purchase dated September 20, 2016 (the “Offer to Purchase”), receipt of which is hereby acknowledged, and in this Letter of Transmittal (which together with the Offer to Purchase constitute the “Offer”). The Tender and this Letter of Transmittal are subject to all the terms and conditions set forth in the Offer to Purchase, including, but not limited to, the absolute right of the Fund to reject any and all tenders determined by it, in its sole discretion, not to be in the appropriate form.

The undersigned hereby sells to the Fund the shares of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.

The undersigned hereby warrants that the undersigned has full authority to sell the shares of beneficial interest in the Fund or portion thereof tendered hereby and that the Fund will acquire good title thereto, free and clear of all liens, charges, encumbrances, conditional sales agreements or other obligations relating to the sale thereof, and not subject to any adverse claim, when and to the extent the same are purchased by it. Upon request, the undersigned will execute and deliver any additional documents necessary to complete the sale in accordance with the terms of the Offer. The undersigned recognizes that under certain circumstances set forth in the Offer, the Fund may not be required to purchase any of the beneficial shares of interest in the Fund or portions thereof tendered hereby. A non-transferable, non-interest bearing promissory note for the purchase price will be issued to the undersigned if the Fund accepts for purchase the shares tendered hereby. The undersigned acknowledges that State Street Bank and Trust Company, the Fund’s administrator, will hold the promissory note on behalf of the undersigned. The cash payment(s) of the purchase price for the shares of beneficial interest in the Fund or portion thereof of the undersigned, as described in Section 6 of the Offer to Purchase, shall be wired to the account at your financial intermediary from which your subscription funds were debited.

(PAGE 2 of 6)

Instructions to Tendering Shareholder:

Please contact your Merrill Lynch Financial Advisor/Portfolio Manager who will enter the tender order and provide you with a customized Letter of Transmittal for your account. The Letter of Transmittal generated for your account will need to be signed and returned or delivered to your Merrill Lynch Financial Advisor/Portfolio Manager. For additional information, call your Merrill Lynch Financial Advisor/Portfolio Manager. If the shareholder chooses to fax the signed Letter of Transmittal (or otherwise deliver not in original form), it should mail the original Letter of Transmittal to its Merrill Lynch Financial Advisor/Portfolio Manager promptly after it is initially delivered (although the original does not have to be received before 11:59 p.m., Eastern Time, on October 20, 2016).

(PAGE 3 of 6)

Tender Offer Request
Order Form – U.S. Investors
Document #:
Client Account:
Prod #/UST CAI #:
Client Name:
Instructions for Submitting a Request for a Tender Offer for Alternative Investments at Bank of America
After discussing the terms of the tender offer or redemption request with the client, the Financial Advisor, Portfolio Manager or registered representative (each, an “Investment Professional”) needs to:
1. REVIEW CLIENT information
Review all pages of this document for accuracy and completeness.
2. REVIEW with your CLIENT
Ensure your client understands, verifies and completes all sections of this document.
3. SIGN and DATE
YOUR CLIENT MUST sign and date the document. (For fiduciary accounts: Instructions for signing requirements are included in the offering kits of each Fund).
4. SCAN to your desktop, SUBMIT through the Alternative Investments Processing Center
Scan the completed and signed document to your desktop and submit it through the Dashboard on the Alternative Investments Website.
Financial Advisor/Portfolio Manager Attestation
Name:
Production #/
Common Associate ID:
Phone Number:
The undersigned Investment Professional hereby certifies that the client is known to and is a client of the Investment Professional, and has had substantive discussions with the client regarding the client’s investment objectives. The Investment Professional confirms that he/she has a reasonable basis for believing (i) that any and all of the representations made by the client in the Tender Offer / Redemption Request are true and correct, (ii) based on information obtained from the client concerning the client’s investment objectives, other investments, financial situation and needs, and any other information known to the Investment Professional, that a tender, redemption or withdrawal from the Fund is suitable for the client, and (iii) that the client’s contact information on record with the selling agent and as noted on this Tender Offer/ Redemption Request is true and correct.
The Investment Professional confirmed that the client is aware of the financial terms and risks applicable to a tender, redemption or withdrawal form the Fund and the specific class(es) and series of units or shares (or other form of interest) issued by each Fund in which the client currently invests.
Investment
Professional Signature:
Date:
TENDER_US_v4.0

LOGO

(PAGE 4 of 6)

Document #:
Client Account:
Prod #/UST CAI #:
Client Name:
Client(s)/Account Details
Client’s Name(s):
Account Classification:
Client Account:
Social Security # / Tax ID:
Primary Address for Fund Registration:
Request Tender / Redemption Details
Fund Name
Effective Date
Cut-off Date
Channel
Tender Type
Units (If Partial)
Full
Partial
Payment – Cash
Cash payment due pursuant to this request will be made directly to Merrill Lynch, Pierce, Fenner & Smith, Inc. or U.S. Trust, as indicated above, who will facilitate the distribution of proceeds into the undersigned’s account.
Document #:
Client Account:
Prod #/UST CAI #:
Client Name:
TENDER_US_v4.0

LOGO

(PAGE 5 of 6)

Document #:
Client Account:
Prod #/UST CAI #:
Client Name:
Signature
The Undersigned acknowledges that this request is subject to all of the terms and conditions set forth in the Offer and the Letter of Transmittal and all capitalized terms used herein have the meaning as defined in the Offer. Except as stated in the Offer, this request is irrevocable. The Undersigned acknowledges the absolute right of the Fund to reject any and all tenders determined by Fund, in its sole discretion, not to be in the appropriate form. The Undersigned represents that the Undersigned is the beneficial owner of the Interests in the Fund to which this request relates, or that the person signing this request is and authorized representative of the redeeming investor.
Internal Revenue Code Certification
The Subscriber hereby represents, warrants and certifies as follows (a) under penalties of perjury, by signature below, the Subscriber certifies that the Social Security/Taxpayer ID Number set forth in these Signature Pages is the true, correct and complete Social Security/Taxpayer ID Number of the Subscriber, and the Subscriber is a “United States person” (as defined in Section 7701(a)(30) of the Code) including a U.S. resident alien, (b) under penalties of perjury, by signature below, the Subscriber certifies that the Subscriber is not subject to backup withholding because (I) the Subscriber is exempt from backup withholding, (II) the Subscriber has not been notified by the Internal Revenue Service that the Subscriber is subject to backup withholding as a result of a failure to report all interest or dividends, or (III) the Internal Revenue Service has notified the Subscriber that the Subscriber is no longer subject to backup withholding, (c) under penalties of perjury, by signature below, If an exemption from FATCA reporting code was requested on this document then the Subscriber certifies that the FATCA code(s) entered on this document, If any, indicating that the Subscriber is exempt from FATCA reporting is correct, and (d) the Subscriber agrees to notify their Investment Professional within 30 days of any change in the information set forth above.
The Internal Revenue Service does not require your consent to any provision of this document other that the certifications required to avoid backup withholding.
Signature 1: Required
Signature:
Date:
Signer’s Name:
(please print)
Title:
Signature 2:
Signature:
Date:
Signer’s Name:
(please print)
Title:
Document #:
Client Account:
Prod #/UST CAI #:
Client Name:
TENDER_US_v4.0

LOGO

(PAGE 6 of 6)

Letter of Transmittal

Regarding Shares in Blackstone Alternative Alpha Fund

For Clients of Citi Global Markets Inc.

Tendered Pursuant to the Offer to Purchase

Dated September 20, 2016

Your Citi Financial Advisor/Portfolio Manager must submit

this Letter of Transmittal for processing by

11:59 p.m., Eastern Time, on October 20, 2016

The Offer and withdrawal rights will expire on

October 20, 2016, unless the Offer is extended

Ladies and Gentlemen:

The undersigned hereby sells to the Fund the shares of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.

VALUATION DATE: December 31, 2016

TENDER OFFER EXPIRATION DATE: 11:59 p.m. (Eastern Time), October 20, 2016

PARTS 1, 2, 3, AND 4 MUST BE COMPLETED AND IN GOOD ORDER IN ORDER TO PROCESS YOUR REQUEST

PLEASE MAIL TO CITI GLOBAL MARKETS, INC.:

Citi Private Bank

Alternative Investments

1 Court Square

Long Island City, NY 11120

Ref: Blackstone Alternative Alpha Fund

Phone: (718) 248-5230

Fax: (740) 834-8068

PART 1 – NAME (AS IT APPEARS ON YOUR BLACKSTONE ALTERNATIVE ALPHA FUND STATEMENT) AND CONTACT INFORMATION


Fund Name:
Fund Account #:
Account Name/Registration:
Address:
City, State, Zip:
Telephone Number:
Email Address:
Financial Intermediary Firm Name:
Financial Intermediary Account #:
Financial Advisor Name:
Financial Advisor Telephone #:

PART 2 – REQUESTED TENDER AMOUNT

Please select repurchase type by checking one of the boxes below. If you are requesting a partial repurchase, please provide a number of Shares.

¨	Full Repurchase

¨	Partial Repurchase* of Shares (please only provide a number of Shares, not a dollar amount)

*	If the requested partial repurchase would put the account balance below the required minimum balance, the Fund may reduce the amount to be repurchased such that the required minimum balance is maintained, unless you indicate otherwise by checking the following box:

¨	Change request to Full Repurchase if amount requested to be repurchased would need to be reduced to maintain minimum account balance

BLACKSTONE ALTERNATIVE ALPHA FUND ACCOUNT #: (Should be the same as on page 2)

PART 3 – PAYMENT

Payments will be directed back to the account at your financial intermediary from which your subscription funds were debited. Contact your financial intermediary if you have any questions.

PART 4 – SIGNATURE(S)


Signature	Print Name of Authorized Signatory (and Title if applicable)	Date


Signature	Print Name of Authorized Signatory (and Title if applicable)	Date

Letter of Transmittal

Regarding Shares in Blackstone Alternative Alpha Fund

For Clients of Hightower Securities, LLC

Tendered Pursuant to the Offer to Purchase

Dated September 20, 2016

The Offer and withdrawal rights will expire on October 20, 2016

and this Letter of Transmittal must be received by

the Fund’s Administrator, either by mail or by fax, by 11:59 p.m.,

Eastern Time, on October 20, 2016, unless the Offer is extended

Should you wish to participate in the Offer, please contact your Hightower Advisor/Portfolio Manager who will be responsible to forward to the appropriate custodian. The Letter of Transmittal generated for your account will need to be signed and returned or delivered to your Hightower Financial Advisor/Portfolio Manager.

For additional information call your Hightower Financial Advisor/Portfolio Manager.

Ladies and Gentlemen:

The undersigned hereby sells to the Fund the shares of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.

VALUATION DATE: December 31, 2016

TENDER OFFER EXPIRATION DATE: 11:59 p.m. (Eastern Time), October 20, 2016

PARTS 1, 2, 3, AND 4 MUST BE COMPLETED AND IN GOOD ORDER IN ORDER TO PROCESS YOUR REQUEST

PLEASE SEND TO YOUR HIGHTOWER ADVISOR/PORTFOLIO MANAGER

PART 1 – NAME (AS IT APPEARS ON YOUR BLACKSTONE ALTERNATIVE ALPHA FUND STATEMENT) AND CONTACT INFORMATION


Fund Name:
Fund Account #:
Account Name/Registration:
Address:
City, State, Zip:
Telephone Number:
Email Address:
Financial Intermediary Firm Name:
Financial Intermediary Account #:
Financial Advisor Name:
Financial Advisor Telephone #:

PART 2 – REQUESTED TENDER AMOUNT

Please select repurchase type by checking one of the boxes below. If you are requesting a partial repurchase, please provide a number of Shares.

¨	Full Repurchase

¨	Partial Repurchase* of Shares (please only provide a number of Shares, not a dollar amount)

*	If the requested partial repurchase would put the account balance below the required minimum balance, the Fund may reduce the amount to be repurchased such that the required minimum balance is maintained, unless you indicate otherwise by checking the following box:

¨	Change request to Full Repurchase if amount requested to be repurchased would need to be reduced to maintain minimum account balance

PART 3 – PAYMENT

Payments will be directed back to the account at your financial intermediary from which your subscription funds were debited. Contact your financial intermediary if you have any questions.

PART 4 – SIGNATURE(S)


Signature	Print Name of Authorized Signatory (and Title if applicable)	Date


Signature	Print Name of Authorized Signatory (and Title if applicable)	Date

Letter of Transmittal

Regarding Shares in Blackstone Alternative Alpha Fund

For Clients of Morgan Stanley Smith Barney LLC

Tendered Pursuant to the Offer to Purchase

Dated September 20, 2016

The Offer and withdrawal rights will expire on October 20, 2016

and this Letter of Transmittal must be received by

the Fund’s Administrator, either by mail or by fax, by 11:59 p.m.,

Eastern Time, on October 20, 2016, unless the Offer is extended

Complete this Letter of Transmittal and follow the Transmittal

Instructions included herein

Ladies and Gentlemen:

The undersigned hereby sells to the Fund the shares of beneficial interest in the Fund or portion thereof tendered hereby pursuant to the Offer.

(PAGE 1 of 3)

VALUATION DATE: December 31, 2016

TENDER OFFER EXPIRATION DATE: 11:59 p.m. (Eastern Time), October 20, 2016

PARTS 1, 2, 3, AND 4 MUST BE COMPLETED AND IN GOOD ORDER IN ORDER TO PROCESS YOUR REQUEST

PLEASE FAX OR MAIL TO THE FUND’S ADMINISTRATOR AT:

Regular Mail

Fax: (617) 956-0400

State Street Bank and Trust Company

Attn: Blackstone Alternative Alpha Fund

1 Heritage Drive, Mail Code: OHD0100

North Quincy, MA 02171

FOR ADDITIONAL INFORMATION CALL:

(855) 890-7725

In addition to this document, please ensure that a Redemption ticket is processed in the Morgan Stanley Alternative Investments Order Entry system. Failure to process a ticket, may result in delays in disbursing the funds to the client account(s).

PART 1 – NAME (AS IT APPEARS ON YOUR BLACKSTONE ALTERNATIVE ALPHA FUND STATEMENT) AND CONTACT INFORMATION


Fund Name:
Fund Account #:
Account Name/Registration:
Address:
City, State, Zip:
Telephone Number:
Email Address:
Financial Intermediary Firm Name:
Financial Intermediary Account #:
Financial Advisor Name:
Financial Advisor Telephone #:

PART 2 – REQUESTED TENDER AMOUNT

Please select repurchase type by checking one of the boxes below. If you are requesting a partial repurchase, please provide a number of Shares.

¨	Full Repurchase

¨	Partial Repurchase* of Shares (please only provide a number of Shares, not a dollar amount)

*	If the requested partial repurchase would put the account balance below the required minimum balance, the Fund may reduce the amount to be repurchased such that the required minimum balance is maintained, unless you indicate otherwise by checking the following box:

¨	Change request to Full Repurchase if amount requested to be repurchased would need to be reduced to maintain minimum account balance

(PAGE 2 of 3)

BLACKSTONE ALTERNATIVE ALPHA FUND ACCOUNT #: (Should be the same as on page 2)

PART 3 – PAYMENT

Payments will be directed back to the account at your financial intermediary from which your subscription funds were debited. Contact your financial intermediary if you have any questions.

PART 4 – SIGNATURE(S)


Signature	Print Name of Authorized Signatory (and Title if applicable)	Date


Signature	Print Name of Authorized Signatory (and Title if applicable)	Date

(PAGE 3 of 3)