Blackstone Group has closed its first energy fund, Blackstone Energy Partners, at $2.5 billion, exceeding its $2 billion target.
The fund held its final close on Aug. 31, said Christine Anderson, Blackstone spokeswoman in an e-mail.
Blackstone's sixth diversified global private equity fund, the $16 billion Blackstone Capital Partners VI invests alongside the new fund in energy and natural resources transactions.
The energy fund has invested more than $965 million in six transactions. The fund will look at all aspects of energy investing, including renewables, transmission and natural gas, Ms. Anderson wrote.
She declined to provide the potential size of these investments.