Blackstone Closes Energy Focused PE Fund at over $2.5BN

Blackstone (NYSE:BX) has closed its first dedicated energy focused private equity fund at just over $2.5bn.

Blackstone Energy Partners (BEP) invests in control and control-oriented equity investments within the energy and natural resources sector on a global basis.

Led by David Foley, CEO, the fund, which had its first closing in August 2011, has already committed more than $965m in six investments and is currently evaluating a sizeable and diverse backlog of proprietary investment opportunities.



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