X0404 N-CEN LIVE 0001557794 XXXXXXXX 811-22743 false false false N-1A S000045538 C000145027 C000145026 C000145025 C000141764 Blackstone Alternative Investment Funds 811-22743 0001557794 549300C1ND700M70DR68 345 PARK AVENUE 28TH FLOOR NEW YORK 10154-0004 US-NY US 212-583-5000 Mariner Investment Group, LLC 500 Mamaroneck Avenue 4th Floor Harrison 10528 914-670-4300 Records related to its role as a sub-adviser. Trailstone Commodity Trading US, LLC 1601 South MoPac Expressway #D425 Austin 78746 512-628-4300 Records related to its role as a sub-adviser. Blackstone Alternative Investment Advisors LLC 345 Park Avenue 28th floor 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 Clear Sky Advisers, LLC 50 Briar Hollow Lane Suite 450W Houston 77027 347-450-9545 Records related to its role as a sub-adviser. Mesarete Capital LLP 2/3 Golden Square First floor, Grafton House London GB W1F 9HR 44-0-203-148-2330 Records related to its role as a sub-adviser. State Street Bank and Trust Company One Lincoln Street Boston 02111 617-786-3000 Custody and Accounting Records Fort Baker Capital Management LP 700 Larkspur Landing Circle Suite 275 Larkspur 94939 415-306-5508 Records related to its role as a sub-adviser. Melqart Asset Management (UK) Ltd 5 St. James's Square London GB SW1Y 4JU 44 (0)20 3826 4470 Records related to its role as a sub-adviser. Varick Capital Partners, LP 1 Amstelplein 1 Amsterdam NL 1096 HA 31 20 333 2620 Records related to its role as a sub-adviser. Merritt Point Partners LLC 1999 Harrison Street 18th Floor Oakland 94612 510-244-0170 Records related to its role as a sub-adviser. Maren Capital LLC 401 N. Michigan Ave Chicago 60611 773-832-7602 Records related to its role as a sub-adviser. Blackstone Real Estate Special Situations Advisors L.L.C. 345 Park Avenue New York 10154 212-583-5000 Records related to its role as a sub-adviser. Harvest Fund Advisors, LLC 100 West Lancaster Avenue 2nd Floor Wayne 19087 610-293-7800 Records related to its role as a sub-adviser. Fir Tree Capital Management LP 500 Fifth Avenue 9th Floor New York 10110 212-599-0090 Records related to its role as a sub-adviser. Endeavour Capital Advisors Inc. 410 Greenwich Avenue Greenwich 06830 203-618-0101 Records related to its role as a sub-adviser. North Reef Capital Management LP 1833 South Coast Highway Suite 210 Laguna Beach 92651 949-482-2121 Records related to its role as a sub-adviser. Caspian Capital LP 10 East 53rd Street 35th floor New York 10022 212-826-6970 Records related to its role as a sub-adviser. Seiga Asset Management Limited 60 Wyndham Street Suite 2003A, 20/F, The Centrium Central and Western District HK 999007 852-3705-7700 Records related to its role as a sub-adviser. Bayforest Capital Limited 3 Orchard Place Unit 208/209 London GB SW1H 0BF 44-0-203-968-5227 Records related to its role as a sub-adviser. Two Sigma Advisers, LP 100 Avenue of the Americas 16th floor New York 10013-1689 212-625-5700 Records related to its role as a sub-adviser. Waterfall Asset Management, LLC 1251 Avenue of the Americas 50th Floor New York 10020 212-257-4600 Records related to its role as a sub-adviser. Magnetar Asset Management LLC 1603 Orrington Avenue 13th floor Evanston 60201 847-905-4400 Records related to its role as a sub-adviser. Blackstone Liquid Credit Strategies LLC 345 Park Avenue 31st floor New York 10154 212-503-2100 Records related to its role as a sub-adviser. U.S. Bank National Association 425 Walnut Street Cincinnati 45202 513-632-2443 Records related to its role as a Fund custodian. Bayview Asset Management, LLC 4425 Ponce de Leon Boulevard Coral Gables 33146 305-854-8880 Records related to its role as a sub-adviser. Nephila Capital Ltd. 31 Victoria Street 3rd floor west Hamilton BM HM 10 441-296-4684 Records related to its role as a sub-adviser. Seven Grand Managers, LLC 81 Ponfield Road Suite C302 Bronxville 10708 720-722-5804 Records related to its role as a sub-adviser. D. E. Shaw Investment Management, L.L.C. 1166 Avenue of the Americas 9th Floor New York 10036 212-478-0000 Records related to its role as a sub-adviser. N N N-1A 1 Y Kristen M. Leopold N/A N John M. Brown N/A Y Peter Koffler 001749876 Y Paul J. Lawler N/A N Peter M. Gilbert N/A N Frank J. Coates N/A N William Renahan 004009328 345 Park Avenue New York 10154-0004 XXXXXX N N N N N N Blackstone Securities Partners L.P. 8-35941 000017917 549300018MESCFYS7O35 Y N Deloitte & Touche LLP 34 N/A N N N N N N Blackstone Alternative Multi-Strategy Fund S000045538 549300L5W5CEUPTA7918 N 4 0 0 N/A N Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Revenue sharing split Cash collateral reinvestment fee N/A N/A Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii)) Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(e) (17 CFR 270.18f-4(e)) Y Y Y N Blackstone Alternative Investment Advisors LLC 801-77791 000165782 549300PB13E20JDP5732 N Fort Baker Capital Management LP 801-112796 000282926 5493001W8IOWFDUEI397 N N Bayforest Capital Limited N/A 000312969 213800UNLMI22EMVPL14 N GB N Melqart Asset Management (UK) Ltd 801-126213 000287888 213800N4DD1PZ1DKRT27 N GB N Mariner Investment Group, LLC 801-62016 000124744 NXO6CSBU4HJQCHKIQG96 N N Seiga Asset Management Limited 801-119246 000288614 254900S63VU48Q48G640 N HK N Nephila Capital Ltd. 801-63514 000132780 549300PSKQMT6O8FR185 N BM N Maren Capital LLC 801-126517 000319626 254900E7U33DQ6YTGU05 N Fir Tree Capital Management LP 801-73273 000156651 549300ASZ9RL8XUHSM58 N N Waterfall Asset Management, LLC 801-65087 000137746 549300RACQVOIC68DB49 N N D. E. Shaw Investment Management, L.L.C. 801-64222 000135284 549300ZUDX4FNDGUSO63 N N Varick Capital Partners, LP N/A N/A 254900F9ZPGYUVXP8893 N NL Harvest Fund Advisors, LLC 801-71791 000154425 SC71N3MJZMD0E7IQSQ35 Y Trailstone Commodity Trading US, LLC N/A N/A 549300FMKEEACWXIUC85 N N Merritt Point Partners LLC N/A 000298680 549300QZ4DDOD1RTIL80 N N Two Sigma Advisers, LP 801-71110 000152254 RR8XXLLT9L8B1RHYI071 N N North Reef Capital Management LP 801-126191 000311056 549300C1ITJNK5N9N287 N N Clear Sky Advisers, LLC 801-119985 000031175 549300CHW6JDCADPRZ19 N N Bayview Asset Management, LLC 801-73638 000157053 549300YJRSPSK5DWGL35 N N Blackstone Real Estate Special Situations Advisors L.L.C. 801-68749 000146043 549300LUY356596MV847 Y N Blackstone Liquid Credit Strategies LLC 801-68243 000144537 5493006JIA0445ZK3987 Y N Seven Grand Managers, LLC 801-126147 000310026 98450047AA5AFF555504 N N Endeavour Capital Advisors Inc. 801-73984 000137689 25490055O9YTITKMW666 N N Caspian Capital LP 801-72238 000155751 549300A0OBYYG526Q538 N N Mesarete Capital LLP 801-121562 000314600 549300OSEH8QPDJOK061 N GB N Magnetar Asset Management LLC 801-108902 000285287 5493008PE8ZGIXYRT644 N N Aperture Investors, LLC 801-113983 000295468 549300SWL8EGVNTT6U07 2023-09-29 Jasper Capital Hong Kong Limited 801-118960 000306114 549300ZDHP0HMLSTYC03 HK 2023-11-30 Sage Rock Capital Management LP 801-114963 000171117 549300SKMQE9WK2WG444 2024-01-12 Emso Asset Management Limited 801-66016 000139217 ZIOWCTVW4JM2K5HXCC78 GB 2023-07-28 State Street Bank and Trust Company 85-05003 571474TGEMMWANRLN572 N N N Merrill Lynch Valuations LLC 54930015EWCI4VNCZP82 N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Bloomberg L.P. 549300B56MD0ZC402L06 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N London Stock Exchange Group PLC 213800QAUUUP6I445N30 GB N ICE Data Services, Inc. 13-3668779 Tax ID N S&P Global Inc. Y6X4K52KMJMZE7I7MY94 N N The Hongkong and Shanghai Banking Corporation Limited (Jung-gu, Seoul, KR, Branch) 2HI3YI5320L3RW6NJ957 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB (Oslo, Oslo, NO, Branch) F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Europe Public Limited Company (Budapest, HU, Branch) N1FBEDJ5J41VKZLO2475 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas (Athens, Attica, GR, Branch) R0MUWSFPU8MPRO8K5P83 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Joint Stock Company 'Commercial Bank CitiBank' CHSQDSVI1UI96Y2SW097 RU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Intesa Sanpaolo S.p.A. 2W8N8UU78PMDQKZENC08 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch) RB0PEZSDGCO3JS6CEU02 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco de Chile 8B4EZFY8IHJC44TT2K84 CL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Johannesburg, Gauteng, ZA, Branch) RILFO74KP1CM8P6PCT96 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Ciudad Autonoma de Buenos Aires, Ciudad Autonoma de Buenos Aires, AR, Branch) 579100KKDGKCFFKKF005 AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch) E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Hapoalim B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Singapore, SG, Branch) E57ODZWZ7FF32TWEFA76 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas R0MUWSFPU8MPRO8K5P83 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Chuo ku, Tokyo, JP, Branch) 2HI3YI5320L3RW6NJ957 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Stanbic IBTC Bank Ltd 549300NIVXF92ZIOVW61 NG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch) 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, Anonim Sirketi CWZ8NZDH5SKY12Q4US31 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank International GmbH ZMHGNT7ZPKZ3UFZ8EO46 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Ceskoslovenska obchodni banka, a. s. Q5BP2UEQ48R75BOTCB92 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Hungary Zrt. Y28RT6GGYJ696PMW8T44 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (Edinburgh, GB, Branch) 571474TGEMMWANRLN572 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear Bank 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) UniCredit Bank Austria AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken A/S F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Malaysia Berhad 549300JTJBG2QBI8KD48 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Thai) Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch) 2HI3YI5320L3RW6NJ957 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Europe Public Limited Company N1FBEDJ5J41VKZLO2475 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Y State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 339499.53000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 1936403.55000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 319956.67000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 1895063.57000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 318559.65000000 Deutsche Bank Securities Inc. 8-17822 000002525 9J6MBOOO7BECTDTUZW19 243650.52000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 264504.57000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 711766.88000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 177531.44000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 382813.87000000 7440543.47000000 State Street Bank and Trust Company N/A N/A 571474TGEMMWANRLN572 619243254.77000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 588524698.97000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 567834127.07000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 28182786924.40000000 BBVA Securities Inc. 8-42857 000031769 549300RJFN0Z663VE860 171961441.62000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 190669703.00000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 973245590.78000000 Deutsche Bank Securities Inc. 8-17822 000002525 9J6MBOOO7BECTDTUZW19 113497824.20000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 1408981840.36000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 38299930329.14000000 72098997563.23000000 N 4151786684.24923076 Committed 400000000.00000000 N N N true