Resolves per Preqin at fund liquidation. Market close may be extended to accommodate the ultimate fund term. The final % answer will be multiplied by 100 for purposes of this market.

Blackstone IX is a 2022 vintage, closed-end buyout fund that focuses on making control and control-oriented private equity investments on a global basis in a diverse range of industries.

As of market creation, Preqin lists the Net IRRs of previous Blackstone flagship funds as follows:

• Blackstone VIII = n/a

• Blackstone VII = 14.0%

• Blackstone VI = 12.0%

• Blackstone V = 8.2%

• Blackstone IV = 36.1%

• Blackstone III = 14.6%

• Blackstone II = 37.3%

• Blackstone I = 18.9%