Blackstone Energy Partners II reaches $4.5 billion hard cap

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Blackstone Energy Partners II reaches $4.5 billion hard cap

Blackstone has announced the commencement of the investment period for its second energy-focused private equity fund, Blackstone Energy Partners II (BEP II), with total commitments of US$4.5 billion.

BEP II received significant interest from both existing and new investors, with demand well surpassing the fund’s $4.5 billion hard cap. Investors in the fund include a diverse group of U.S. state pension funds, corporate pension funds, sovereign wealth funds, insurance companies, endowments, foundations and family offices.

Like its predecessor fund BEP I, a $2.4 billion fund that had its final close in September 2012, BEP II will invest in control-oriented equity and equity-linked interests in companies, assets and development projects in the energy and natural resources sector on a global basis. To date, Blackstone’s energy-focused private equity team of professionals has deployed over $8 billion in this strategy. Blackstone's $16 billion diversified global private equity fund will continue to invest alongside BEP II in energy transactions on a 50/50 basis.

David Foley, Senior Managing Director and Chief Executive Officer of Blackstone Energy Partners, stated:

“Following on the strong performance of BEP I, we could not be more pleased with the exceptionally positive reception BEP II received. We deeply appreciate the confidence that our investors have placed in us by entrusting us to continue to deliver excellent returns for the millions of workers and retirees they represent. Looking forward, we believe that our experienced team, deep network of relationships with talented industry executives, patient capital and proven strategy positions us uniquely well to take full advantage of the significant recent cyclical downturn in oil and gas prices.”

List of country news

Country news

  • February 24, 2015

    Triloma and EIG form Joint Venture to Invest in Energy Debt

    Triloma Financial Group and EIG Global Energy Partners have formed Triloma EIG Global Energy Fund, an unlisted investment company. Read more
  • February 25, 2015

    Blackrock acquires 50% stake in 200MW wind farm

    A fund managed by BlackRock’s Infrastructure Investment Group has purchased a 50% interest in the 200MW Hereford Wind Project, located in Deaf Smith County, Texas from EDF Renewable Energy. Read more
  • February 25, 2015

    Panda Power Funds to jointly develop 1,000 MW Pennsylvania Power Project

    Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. Read more
  • February 26, 2015

    I Squared Capital acquires ten US run-of-the-river hydro facilities from Harbor Hydro

    Cube Hydro Partners, LLC, a subsidiary of I Squared Capital, has acquired a 100% ownership interest in ten US run-of-the-river hydro facilities from Harbor Hydro, LLC, a portfolio company of LS Power Equity Advisors. Read more
  • February 26, 2015

    Duke Energy acquires stake in REC Solar

    Duke Energy has acquired a majority interest in REC Solar, a provider of comprehensive commercial solar and energy solutions nationwide. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.