Blackstone Capital Partners Asia II, L.P.

BlackstoneVINTAGE 2022

NET IRR

29.2%

TVPI

1.51x

DPI

0.22x

COMMITMENT

$270M

LP SOURCES

3

VALUATION SPREAD1.51x – 1.75x TVPI across 3 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
Minnesota SBI	2025-12-31	$270M	$145.9M	29.2%	1.51x	0.22x	SOURCE ↗◆
WSIB	2025-09-30	$250M	$120.8M	33.7%	1.60x	0.24x	SOURCE ↗◆
CalSTRS	2025-06-30	$250M	$96.4M	40.0%	1.75x	0.28x	SOURCE ↗◆