Blackstone BX today announced the final closing on just over $2.5
billion for Blackstone Energy Partners ("BEP") its first dedicated energy
focused private equity fund. BEP invests in control and control-oriented
equity investments within the energy and natural resources sector on a global
basis. Blackstone Capital Partners VI, Blackstone's $16 billion diversified
global private equity fund invests alongside BEP in energy and natural
resources transactions.
David Foley, CEO of the fund and global head of energy and natural resources
for Blackstone's Private Equity Group, said: "We are pleased with the warm
reception this fund received in an otherwise difficult fund raising
environment and appreciate the participation of all the investors who
committed to the fund. Our core team of private equity professionals has built
a terrific franchise at Blackstone in this sector over the last decade, and
our differentiated strategy continues to generate attractive new investment
opportunities.”
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