Blackstone has held a final close of its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III).
BGREEN III closed at its hard cap of $7.1 billion, representing the largest energy transition private credit fund ever raised.
“The energy transition is impacting large sectors of the economy and is resulting in a growing need for efficient private capital. We believe our experience and scale will enable Blackstone Credit to deliver flexible solutions to companies driving this historic transition and generate compelling returns for our investors,” said Robert Horn, global head of the sustainable resources group for Blackstone Credit.
BGREEN III is managed by