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

Mon, 19 Oct 2026 08:01:16 -0400

Blackstone (NYSE: BX) announced the final close of its Blackstone Energy Transition Partners V (BETP V) fund at $8.7 billion, more than 50% larger than its predecessor vehicle. The fund reached its hard cap and was described as significantly oversubscribed, according to a press release.

BETP V began its investment period in June and has already funded three platform companies — Kindle, Fisterra and Viridon — focused on power generation and electric transmission. The fund has also completed three acquisitions: Flow Control Holdings, a provider of data center liquid cooling components; Dresser Utility Solutions, a supplier of measurement and control products

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

Mon, 19 Oct 2026 08:01:16 -0400

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

Mon, 19 Oct 2026 08:01:16 -0400

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

Mon, 19 Oct 2026 08:01:16 -0400

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

Mon, 19 Oct 2026 08:00:00 -0400

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 strategy’s 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. BETP’s energy transition investments have generated, as of June 30, a 34% net IRR since 1997, reflecting the strength of its differentiated

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

Mon, 19 Oct 2026 08:00:00 -0400

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

Mon, 19 Oct 2026 08:00:00 -0400

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

Mon, 19 Oct 2026 08:00:00 -0400

Legence Corp (LGN) PT Lowered to $60 at Barclays

Mon, 19 Oct 2026 04:10:21 -0400

Barclays analyst Adam Seiden lowered the price target on Legence Corp (NASDAQ: LGN) to $60.00 (from $80.00) while maintaining a Equalweight rating.

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