Blackstone Announces $5.6 Billion Final Close for Energy Fund
Funding | Feb 26, 2025 | Blackstone
Blackstone has announced the final close of its energy transition-focused private equity fund, Blackstone Energy Transition Partners IV (BETP IV), securing $5.6 billion at its hard cap. This fund is approximately 33% larger than its predecessor, highlighting investor confidence in Blackstone's energy initiatives. The fund aims to invest in enterprises that can deliver cleaner, more reliable, and affordable energy. Blackstone Energy Transition Partners has earned recognition as the Energy Private Equity Firm of the Year for several consecutive years, demonstrating its leadership in this sector. Notable investments include Energy Exemplar, Sediver, Westwood Professional Services, Trystar, Lancium, and Potomac Energy Center. David Foley, Global Head of Blackstone Energy Transition Partners, emphasized the potential for attractive returns through investments focused on grid reliability and energy efficiency while helping to meet global energy needs.
Sectors
- Private Equity
- Energy
- Environmental, Social, and Governance (ESG)
Geography
- United States – Blackstone is headquartered in New York, and significant investments and recognition have occurred in North America.
- Global – Blackstone Energy Transition Partners has invested approximately $23.5 billion globally across various sectors in the energy industry.
Industry
- Private Equity – Blackstone is a private equity firm raising capital for investment in energy transition projects.
- Energy – The fund focuses on investments in energy companies that deliver cleaner and reliable energy solutions.
- Environmental, Social, and Governance (ESG) – The investment strategy emphasizes cleaner energy solutions and sustainable practices.
Financials
- $5.6 billion – Final close amount for Blackstone Energy Transition Partners IV fund.
- 33% – Increase in size of BETP IV compared to its predecessor fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blackstone | Private Equity Firm | Company | A leading global investment firm managing the Energy Transition Partners IV fund. |
| Blackstone Energy Transition Partners IV (BETP IV) | Investment Fund | Company | An energy-transition-focused private equity fund managed by Blackstone. |
| David Foley | Global Head of Blackstone Energy Transition Partners | Person | Head of Blackstone's energy-focused private equity business. |
| Energy Exemplar | Investment | Company | Supports grid reliability through a software platform for energy market modeling. |
| Sediver | Investment | Company | Manufacturer of insulators for electric transmission grids. |
| Westwood Professional Services | Investment | Company | Engineering and consulting firm involved in energy transition. |
| Trystar | Investment | Company | Provider of backup power management solutions. |
| Lancium | Investment | Company | Developer providing grid access to data centers. |
| Potomac Energy Center | Investment | Company | Natural gas and hydrogen-ready power plant. |