Blackstone Energy Transition Partners V raises $8.7b in final close
Monday, October 19, 2026 · first reported by IREI and 9 others
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
- Private equity, Infrastructure
- Geography
- North America, Global
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
10 sources- IREIBlackstone Energy Transition Partners V raises $8.7b in final close
- ESG TodayBlackstone Raises $8.7 Billion for Energy Transition Fund
- Alternatives WatchBlackstone hits $8.7bn hard cap on fifth energy transition fund
- Business WireBlackstone Announces $8.7 Billion Final Close for Blackstone Energy Transition Partners V
- Private Equity ProfessionalBlackstone Energy Transition Partners V closed its final close at $8.7 billion hard cap
- CoinpaperBlackstone Raises $8.7B for Energy Infrastructure, 55% More Than Its Previous Fund
- securities.ioEnergy Transition Fund BETP V Hits $8.7 Billion Hard Cap at Final Close
- Law360Blackstone Wraps 5th Energy Fund With $8.7B In Tow
- IPE Real AssetsBlackstone closes fifth energy transition fund at $8.7bn hard cap
- LelezardBlackstone Announces $8.7 Billion Final Close for Blackstone Energy Transition Partners V
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