Blackstone announces $8.7 billion final close for Blackstone Energy Transition Partners V

Elvinger US and Elvinger Hoss Prussen represented Blackstone as to matters of Luxembourg law in the establishment and up to the final close of its energy transition-focused fund, Blackstone Energy Transition Partners V L.P. (together with the Luxembourg parallel fund BETP (LUX) SCSp, “BETP V”).

Blackstone has announced that BETP V closed at its hard cap of $8.7 billion, making it more than 50% larger than its predecessor vehicle.

Blackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses, which seeks to build energy companies at scale that can deliver cleaner, more reliable and more affordable energy to meet global needs. 

The Elvinger New York team included partner Jean-Thomas Pradillon, associate Tomas Baecke and law clerk Timothée Charmeil (Funds). The Elvinger Hoss Prussen team included partner Katia Panichi, counsel Marie-Sybille Frapier, and associates Kérane Franchet and Charline Perez (Credit).