Blackstone’s Foley on the speedy close of a fifth energy transition fund
Monday, October 19, 2026 · first reported by Private Equity International and 15 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
- Size
- $8.7B
- Stage
- Close
- People
- Foley
- Asset class
- Private equity
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
16 sources- Private Equity InternationalBlackstone’s Foley on the speedy close of a fifth energy transition fund
- 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
- Yahoo FinanceBlackstone (BX) Lands $8.7 Billion Energy Fund Close While Pursuing India Deal
- Private Equity ProfessionalBlackstone Energy Transition Partners V closed its final close at $8.7 billion hard cap
- HedgeCoBlackstone Closed Its Fifth Energy Transition Fund at an $8.7 Billion Hard Cap
- Simply Wall StreetBlackstone (BX) Reaches $8.7 Billion Final Close For New Energy Transition Fund
- New Private MarketsBlackstone turned away $3bn of demand for latest energy transition fund
- newsfire.grBlackstone Raises $8.7 Billion for Energy Transition Fund
- 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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