Blackstone Closes 1st Energy Fund At $2.5B

Law360, New York (September 5, 2012, 7:33 PM EDT) -- The Blackstone Group LP closed on more than $2.5 billion in investments for its first energy-focused fund, Blackstone Energy Partners, the New York-based private equity giant said Wednesday.

The fund has already committed more than $965 million in six investments and is evaluating a backlog of possible control and control-oriented equity opportunities in the global energy and natural resources industries.

“We are pleased with the warm reception this fund received in an otherwise difficult fundraising environment and appreciate the participation of all the investors who committed...
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