Latest Blackstone energy fundraise nears $4bn

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Blackstone Energy Partners has raised more than $3.9bn for its latest investment fund.

At least 79 limited partners have committed to Blackstone Energy Partners III to date, according to a newly published SEC filing.

The documents do not reveal a target for the fund. Blackstone raised $4.5bn for its predecessor vehicle back in 2015.

NH Investment & Securities and Morgan Stanley Smith Barney have been hired as placement agents for the fundraise.

In September last year The California State Teachers’ Retirement System committed $150m to Blackstone Energy Partners III.

 

Blackstone Energy Partners is led by senior managing director David Foley and is focused on investments in the energy and natural resources sectors.

The buyout major has invested around $16bn of equity across the global energy industry, according to its website.

Blackstone’s energy unit recently built a water management services provider for oil & gas business in the Permian Basin.

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