Market Chatter: Blackstone Raises $8.7 Billion for Fund Dedicated to Cleaner Energy

07:32 AM EDT, 10/19/2026 (MT Newswires) -- Blackstone (BX) has raised $8.7 billion for Blackstone Energy Transition Partners V, a new fund dedicated to cleaner energy, Bloomberg reported Monday, citing an interview with David Foley, the global head of the firm's Energy Transition Partners. The latest fund is about 55% larger than its predecessor, which closed in February 2025 with $5.6 billion, according to the report. Blackstone committed $150 million to the new fund, which invests in a broad range of sectors within the energy industry while generally excluding oil companies, the report said, citing Foley. Blackstone didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)