Blackstone announces $8.7b final close for Blackstone Energy Transition Partners V
Monday, October 19, 2026 · first reported by IREI and 1 other
Blackstone has closed Blackstone Energy Transition Partners V (BETP V) at its hard cap of $8.7 billion, the fund's final close. The vehicle is more than 50 percent larger than its predecessor and was significantly oversubscribed.
BETP V began investing in June. Its three platform companies so far are Kindle, Fisterra and Viridon, which build and run new power generation and electric transmission lines. The fund has also bought three businesses in energy efficiency and resiliency: Flow Control Holdings, Dresser Utility Solutions and DarkVision.
- Firm
- Blackstone
- Fund
- Blackstone Energy Transition Partners V
- Size
- $8.7B
- Stage
- Final close
- Asset class
- Infrastructure
- Geography
- Global
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