as they reasonably and in good faith deem to be appropriate to manage the affairs of the Management Company, the General Partner, the Partnership, the Parallel Funds and the other aforementioned entities. Subject to the foregoing, the General Partner, the Management Company, the Managing Members, and their respe

approval of the Advisory Committee, (i) no more than 5% of "Combined Capital Commitments" (i.e., aggregate capital commitments made to the Fund and the Parallel Funds) may be invested in a "blind pool" investment fund that is managed and controlled by an unaffiliated third party and that pays its manager performa

to any changes or adjustments as are necessitated by the legal, tax, regulatory or other considerations applicable to the Fund or to one or more of the Parallel Funds, each Parallel Fund shall invest in every investment made by the Fund (other than short-term investments, as determined by the General Partner) at

ere a single partnership, and the General Partner shall make the appropriate transfers of cash and investment percentages among the Partnership and the Parallel Funds to accomplish such application and construction. (vii) the General Partner shall not admit any person to the Partnership as an Additional Limited

any Parallel Funds and any other Related Investment Funds in proportion to the capital invested by each to such investment. The Manager shall cause the Parallel Funds to dispose of all or a portion of their investments in a portfolio investment that the Fund has co-invested in on a pm rata basis with the Fund, on

provisions that are the same in all material respects as those of the Fund. Subject to such legal, tax, regulatory or other similar considerations, the Parallel Funds will co-invest with the Fund in each Portfolio Investment in proportion to the respective remaining commitments of the Parallel Funds and the Fund

any Parallel Funds and any other Related Investment Funds in proportion to the capital invested by each to such investment. The Manager shall cause the Parallel Funds to dispose of all or a portion of their investments in a portfolio investment that the Fund has co-invested in on a pm rata basis with the Fund, on

se (i) above and (ii) 80% of such Limited Partner's share of Additional Fees; provided, that such fees will be allocated among the Partnership (and the Parallel Funds), the Real Estate Funds, vehicles participating with respect to the Blackstone Co-Investment Percentage, Supplemental Capital Vehicles and, to the