Blackstone closed its latest energy transition fund, Blackstone Green Private Credit Fund III, at its $7.1 billion hard cap, which invests in a broad range of sectors including residential solar, decarbonized transportation and energy infrastructure, a spokeswoman said in an email.
It is the largest energy transition private credit fund ever raised, Blackstone said in a news release.
The fund will invest in anything that is able to capitalize on the shift toward renewable energy, the spokeswoman said.
Investors in the fund include $248.5 billion New York State Common Retirement Fund, Albany; $126.8 billion Wisconsin Retirement System, Madison; $61.5 billion Tennessee Consolidated Retirement System, Nashville; and $5 billion Houston Firefighters' Relief and Retirement Fund.
