Note: All figures as of December 31, 2025, unless otherwise indicated

Certain of the information contained in this piece has been obtained from portfolio companies and/or sources outside Blackstone, and could prove to be incomplete or inaccurate and is current only as of any specific date(s) noted therein. Blackstone makes no representations as to the accuracy or completeness of such information contained in this piece and neither Blackstone nor any of its affiliates takes any responsibility for, and has not independently verified, any such information. Unless otherwise stated, references to sustainability initiatives, priorities or practices at portfolio companies are not intended to indicate that Blackstone has materially contributed to such actions and such initiatives, priorities, or practices are subject to change, even materially, over time. This content is provided for informational purposes only and there is no guarantee that Blackstone will invest in similar opportunities in the future.

Sustainability initiatives may not apply to some or all of a fund’s investments and none are binding aspects of the management of the assets of a fund. There can be no assurance that sustainability initiatives will continue or be successful. While Blackstone believes sustainability factors can enhance long-term value, Blackstone does not pursue a sustainability-based investment strategy or limit its investments to those that meet specific sustainability criteria except with respect to products or strategies that are explicitly designated as doing so in their offering documents or other applicable governing documents. Such Asustainability factors do not qualify Blackstone’s objectives to seek to maximize risk adjusted returns. A decision to invest should take into account the objectives and characteristics of the relevant fund as set out in more detail in the applicable offering documents. Further information can be found at www.blackstone.com/european-overview.