Blackstone closes energy transition fund BETP V at $8.7bn

Blackstone has held the final close of its Blackstone Energy Transition Partners V at $8.7 billion, 50 percent above its predecessor fund. BETP V has already backed Kindle Energy, Fisterra and Viridon, and acquired Flow Control, Dresser Utility Solutions and DarkVision.

• BETP V closed at $8.7bn, 50% above the previous fund
• The fund has backed Kindle Energy, Fisterra and Viridon
• It acquired Flow Control, Dresser Utility Solutions and DarkVision
• Blackstone invested $5.34bn in gas firm Williams in 2026