Key Takeaways
- • Blackstone Inc. has raised $8.7 billion for Blackstone Energy Transition Partners V, a fund dedicated to cleaner energy, according to Bloomberg Law.
- • The new fund is about 55% larger than its predecessor, which closed with $5.6 billion in February 2025, less than two years before this close.
- • Blackstone committed $150 million of its own capital to the new fund, according to David Foley, global head of the firm's energy transition business.
- • The strategy invests across a broad range of energy sectors but generally excludes oil companies.
Summary
Blackstone Inc. has raised $8.7 billion for a fund dedicated to cleaner energy, according to Bloomberg Law, closing the vehicle less than two years after completing its predecessor strategy. The latest fund, Blackstone Energy Transition Partners V, is about 55% larger than the prior vehicle, which closed with $5.6 billion in February 2025.
Blackstone committed $150 million to the new fund, according to David Foley, the firm's global head of energy transition. The commitment represents the firm's own capital alongside outside investors in the vehicle.
The strategy invests in a broad range of sectors within the energy industry but generally excludes oil companies, positioning the fund around the energy transition theme rather than traditional hydrocarbon exposure. Foley, quoted in the article, referenced the market environment, noting that "the last several years have had a lot of dislocations," though the full remarks were not available in the source text.
The source article is brief, and further details on the fund's target return, investor base, and deployment timeline were not provided.
Blackstone committed $150 million to the new fund, according to David Foley, the firm's global head of energy transition. The commitment represents the firm's own capital alongside outside investors in the vehicle.
The strategy invests in a broad range of sectors within the energy industry but generally excludes oil companies, positioning the fund around the energy transition theme rather than traditional hydrocarbon exposure. Foley, quoted in the article, referenced the market environment, noting that "the last several years have had a lot of dislocations," though the full remarks were not available in the source text.
The source article is brief, and further details on the fund's target return, investor base, and deployment timeline were not provided.
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