Blackstone targets $3b global energy fund
The Blackstone Group aims to raise up to $3 billion for its first energy fund, according to people familiar with the situation. Tony James, the private equity firm’s president, said in an earnings call that initial commitments stand at $1 billion.
Blackstone's vehicle would be larger than natural resources funds currently being planned by KKR and Apollo Global Management, worth $1 billion and $1.5 billion, respectively, Bloomberg reported. It would...
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