Blackstone closes fifth energy transition fund at $8.7 billion
BX•Blackstone closed its fifth energy transition fund at $8.7 billion, more than 50% larger than its predecessor and at its hard cap. The fund began investing in June, with three platform companies and three acquisitions focused on energy efficiency and resiliency.
1. Fund reaches hard cap
Blackstone closed Blackstone Energy Transition Partners V at $8.7 billion, more than 50% larger than its predecessor. The significantly oversubscribed fund reached its hard cap.
2. Initial investments
The fund’s investment period began in June. Its initial investments include three platform companies and three acquisitions focused on energy efficiency and resiliency.
