0001752724-20-117502.txt : 20200612 0001752724-20-117502.hdr.sgml : 20200612 20200612132025 ACCESSION NUMBER: 0001752724-20-117502 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200612 DATE AS OF CHANGE: 20200612 EFFECTIVENESS DATE: 20200612 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Blackstone Alternative Alpha Fund II CENTRAL INDEX KEY: 0001566814 IRS NUMBER: 300760484 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22792 FILM NUMBER: 20959692 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE STREET 2: 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: 212-583-5000 MAIL ADDRESS: STREET 1: 345 PARK AVENUE STREET 2: 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10154 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001566814 XXXXXXXX 811-22792 false false false N-2 Blackstone Alternative Alpha Fund II 811-22792 0001566814 5493004FAZ269MXTMZ42 345 PARK AVENUE 28TH FLOOR NEW YORK 10154-0004 US-NY US 212-583-5000 State Street Bank and Trust Company 1 Lincoln Street Boston 02111 617-786-3000 Custody and Accounting Records Blackstone Alternative Asset Management L.P. 345 Park Avenue New York 10154-0004 212-583-5000 The other books and other documents required to be maintained by the Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 Act N Y N-2 Y Paul J. Lawler 000000000 N Kristen M. Leopold 000000000 N Peter M. Gilbert 000000000 N Peter Koffler 001749876 Y Frank J. Coates 000000000 Y John M. Brown 000000000 N James Hannigan 000000000 345 Park Avenue New York 10154-0004 XXXXXX N N N N N N Blackstone Advisory Partners L.P. 8-35941 000017917 00000000000000000000 Y N Deloitte & Touche LLP 34 00000000000000000000 N N N N N N Blackstone Alternative Alpha Fund II 5493004FAZ269MXTMZ42 N 0 0 0 Fund of Funds Y N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Blackstone Alternative Asset Management L.P. 801-52559 000107580 549300R4EZHU6DUS3S67 N State Street Bank and Trust Company 85-05003 571474TGEMMWANRLN572 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N Blackstone Advisory Partners L.P. 8-35941 000017917 00000000000000000000 0.00000000 0.00000000 0.00000000 N 65267285.72000000 Common stock Advisor Class II Shares Common stock Advisor Class III Shares Common stock Advisor Class I Shares N N N N N N 0.00000000 0.02000000 N/A 1023.30000000 true INTERNAL CONTROL RPT 2 NCEN_7038430591459431.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the shareholders and the Board of Trustees of Blackstone Alternative Alpha Fund II In planning and performing our audit of the financial statements of Blackstone Alternative Alpha Fund II (the "Fund") as of and for the year ended March 31, 2020, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N- CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the fund's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of March 31, 2020. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ Deloitte & Touche LLP New York, New York May 26, 2020