Blackstone closes $8.7B energy transition fund, topping prior by 50%

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Go back to Blackstone closes $8.7B energy transition fund, topping prior by 50%

Blackstone Announces $8.7 Billion Final Close for Blackstone Energy Transition Partners V

October 19, 2026 8:00 AM EDT

NEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE: BX) today announced the final close of Blackstone Energy Transition Partners V (BETP V) at $8.7 billion more than 50% larger than its predecessor vehicle. The significantly oversubscribed fund reached its hard cap and builds on the strong performance of the strategys prior vintages.

Blackstone Energy Transition Partners (BETP) seeks to build energy companies at scale that deliver cleaner, more reliable and more affordable energy to meet growing global needs. BETPs energy transition investments have generated, as of June 30, a 34% net IRR since 1997, reflecting the strength of its differentiated... More