Blackstone Hauls in $8.7 Billion for Energy Transition Fund
October 19, 2026 Takeaways by Bloomberg: Blackstone Inc. has raised $8.7 billion for a fund dedicated to cleaner energy, Blackstone Energy Transition Partners V, which is about 55% larger than its predecessor. The strategy invests in a broad range of sectors within the energy industry but generally excludes oil companies, and has already deployed a quarter of its capital into six investments. The new fund has attracted nearly one-third of its money from new investors, with Blackstone committing $150 million to the fund, according to David Foley, global head of the firm’s energy transition business. Blackstone Inc. has raised $8.7 billion for a fund dedicated to cleaner energy, less than two years after wrapping up an earlier version of the strategy. The latest fund, Blackstone Energy Transition Partners V , is about 55% larger than its predecessor, which closed with $5.6 billion in February 2025. Blackstone committed $150 million to the new fund, according ...