Form D · Hedge Fund

BPIF Non-Taxable L.P.

New York, NY · CIK 0001212857

Offering snapshot reported Feb 27, 2026 · SEC filing

Reported sold: $6.93B
Investors reported: 198
Minimum accepted: $0
First sale: Jul 1, 1996

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$6,815,898,439 → $6,925,998,439
Reported investors194 → 198

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 27, 2026	Amendment	$6,925,998,439	$110,100,000vs Feb 28, 2025	198	SEC filing
Feb 28, 2025	Amendment	$6,815,898,439	$53,000,000vs Mar 1, 2024	194	SEC filing
Mar 1, 2024	Amendment	$6,762,898,439	$5,724,041vs Mar 2, 2023	194	SEC filing
Mar 2, 2023	Amendment	$6,757,174,398	$5,000,000vs Mar 2, 2022	192	SEC filing
Mar 2, 2022	Amendment	$6,752,174,398	$86,850,000vs Mar 2, 2021	192	SEC filing
Mar 2, 2021	Amendment	$6,665,324,398	$771,640,028vs Mar 1, 2019	192	SEC filing
Mar 2, 2020	Amendment	$6,583,412,061	$689,727,691vs Mar 1, 2019	191	SEC filing
Mar 1, 2019	Amendment	$5,893,684,370	$131,961,246vs Mar 2, 2018	188	SEC filing
Mar 2, 2018	Amendment	$5,761,723,124	$350,923,507vs Mar 3, 2017	184	SEC filing
Mar 3, 2017	Amendment	$5,410,799,617	$191,132,397vs Mar 4, 2016	176	SEC filing
Mar 4, 2016	Amendment	$5,219,667,220	$104,600,000vs Mar 4, 2015	173	SEC filing
Mar 4, 2015	Amendment	$5,115,067,220	$140,186,236vs Mar 4, 2014	167	SEC filing
Mar 4, 2014	Amendment	$4,974,880,984	$156,437,714vs Mar 4, 2013	167	SEC filing
Mar 4, 2013	Amendment	$4,818,443,270	$467,181,530vs Mar 2, 2012	160	SEC filing
Mar 2, 2012	Amendment	$4,351,261,740	$673,690,000vs Mar 4, 2011	143	SEC filing
Mar 4, 2011	Amendment	$3,677,571,740	$788,814,803vs Mar 4, 2010	123	SEC filing
Mar 4, 2010	Amendment	$2,888,756,937	No comparison	107	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-51415

Sales Agent receives a portion of the management fee payable by the Issuer to the Investment Manager.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Morgan Stanley Smith Barney LLC	000149777

Source: Form D, filed Feb 27, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

BPIF NON-TAXABLE L.P.

Investment adviser: BLACKSTONE ALTERNATIVE ASSET MANAGEMENT L.P.

Gross asset value: $2.64B
Beneficial owners: 48
ADV minimum commitment: $5M

Reported in Form ADV on Aug 4, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian CITCO BANK CANADA TORONTO, Canada Related to adviser: No

Marketer BLACKSTONE SECURITIES PARTNERS L.P. NEW YORK, New York, United States Related to adviser: Yes

Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

CITCO BANK CANADA
LEI 549300U6C5DCBKSIEB26

BLACKSTONE SECURITIES PARTNERS L.P.
CRD 17917 · SEC 8-35941

MORGAN STANLEY
CRD 149777 · SEC 801-70103

Filing source

Form ADV 2123926 · Aug 4, 2026 · Schedule D 7.B.(1), fund 805-4382925944

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Blackstone Alternative Asset Management Associates Llc Blackstone Alternative Asset Management Associates Llc	Executive
Blackstone Alternative Asset Management Associates Llc	Executive
Blackstone Alternative Asset Management L.P.	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

345 Park Avenue 28 Th Floor
New York, NY, 10154