Blackstone Announces $8.7 Billion Final Close for Blackstone Energy Transition Partners V
Blackstone closed its energy transition fund BETP V at $8.7 billion, more than 50% larger than its predecessor and oversubscribed past its hard cap. The fund began investing in June and has already backed three platform companies and three acquisitions, with BETP committing over $11 billion in new equity since January 2025.
Key figures
- Aum
- $1.3 trillion
- Fund size
- $8.7 billion
- Net irr since 1997
- 34%
- Equity committed strategy to date
- over $34 billion
- New equity committed since jan 2025
- over $11 billion
AI analysis
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