Blackstone Group has raised 8.7 billion US dollars for a clean energy special fund. It is less than two years since the previous phase of the same strategic fund was completed. The latest fund is the Blackstone Energy Transition Partner Fund No. 5, which is about 55% larger than the previous fund; the previous fund was raised in February 2025, with a scale of 5.6 billion US dollars. David Welfare, the global head of Blackstone's energy transformation business, said that Blackstone itself invested 150 million US dollars in the new fund. This strategy invests in multiple segments of the energy industry, but generally does not invest in oil companies.

Blackstone Group has raised 8.7 billion US dollars for a clean energy special fund. It is less than two years since the previous phase of the same strategic fund was completed. The latest fund is the Blackstone Energy Transition Partner Fund No. 5, which is about 55% larger than the previous fund; the previous fund was raised in February 2025, with a scale of 5.6 billion US dollars. David Welfare, the global head of Blackstone's energy transformation business, said that Blackstone itself invested 150 million US dollars in the new fund. This strategy invests in multiple segments of the energy industry, but generally does not invest in oil companies.