At a glance
- The firm calls the inaugural pool a conventional-energy fund, not a transition fund.
- Blackstone closed Blackstone Energy Transition Partners V at an $8.7 billion hard cap, more than 50% above the $5.6 billion fourth vintage.
- The $700 million co-investment sleeve is 28% of the $2.5 billion headline, leaving $1.8 billion committed to the fund itself.
Ara Partners has closed Ara Energy Fund I at $2.5 billion, combining $1.8 billion of fund commitments with $700 million of co-investment for power, biofuels and fuel distribution assets. The firm calls the inaugural pool a conventional-energy fund, not a transition fund.
Blackstone closed Blackstone Energy Transition Partners V at an $8.7 billion hard cap, more than 50% above the $5.6 billion fourth vintage. The two closes came within a day of each other, according to our records.
The $700 million co-investment sleeve is 28% of the $2.5 billion headline, leaving $1.8 billion committed to the fund itself.
Blackstone's new vehicle has already funded three platform companies and three acquisitions.
Funds at final close: Blackstone's new vintage vs. its last, and Ara's first
Committed capital, $bn
- Blackstone Energy Transition Partners V$8.7BN
- Blackstone Energy Transition Partners IV$5.6BN
- Ara Energy Fund I$2.5BN
Show as table
| Item | Value ($bn) |
|---|---|
| Blackstone Energy Transition Partners V | $8.7BN |
| Blackstone Energy Transition Partners IV | $5.6BN |
| Ara Energy Fund I | $2.5BN |
Reported by the Products desk from ESG Capital Daily archive, ESG Capital Daily archive and ESG Capital Daily fund tracking. Published . Corrections