Private Equity News US Blackstone Raises Record $7 Billion for Energy Transition Private Credit Fund
Blackstone has raised $7.1 billion for its energy transition private credit fund, Blackstone Green Private Credit Fund III (BGREEN III).
The fund surpassed its $6 billion target, making it the largest energy transition private credit fund ever raised.
BGREEN III will invest in companies that are helping to decarbonize the global economy.
The fund will focus on sectors such as renewable energy, energy efficiency, and carbon capture and storage. BGREEN III will also invest in companies that are developing new technologies to help reduce emissions.
Photo by Karsten Würth on Unsplash
Blackstone is a leading investor in the energy transition space.
The firm has invested over $10 billion in energy transition companies since 2017.
Private Equity News US
BGREEN III is Blackstone’s third energy transition private credit fund.
The firm’s previous two funds, BGREEN I and BGREEN II, raised $3.5 billion and $4.5 billion, respectively.The fundraising of BGREEN III is a sign of the growing interest in the energy transition space. The global market for energy transition investment is expected to reach $2.5 trillion by 2030. Blackstone is well-positioned to capitalize on this growth opportunity.
The firm has a long track record of investing in the energy sector, and it has a deep understanding of the energy transition market.
BGREEN III is expected to make a significant impact on the energy transition. The fund will help to finance the development of new technologies and companies that are helping to decarbonize the global economy.
BGREEN III is also expected to create jobs and boost economic growth in the energy transition space.Here are some of the key takeaways from the article:
- Blackstone has raised $7.1 billion for its energy transition private credit fund, BGREEN III.
- BGREEN III is the largest energy transition private credit fund ever raised.
- BGREEN III will invest in companies that are helping to decarbonize the global economy.
- Blackstone is a leading investor in the energy transition space.
- The fundraising of BGREEN III is a sign of the growing interest in the energy transition space.
- BGREEN III is expected to make a significant impact on the energy transition.
Private Equity News US Blackstone Raises Record $7 Billion for Energy Transition Private Credit Fund
