Deals
Blackstone Is Said to Target About $4.5 Billion for Energy Deals
- Firm seeks to raise the same amount as in prior fund in 2015
- Blackstone is targeting a first close in second quarter
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Blackstone Group LP is targeting about $4.5 billion for its third fund that will make energy investments globally, according to people with knowledge of the matter.
Blackstone Energy Partners III is aiming to hold a first close in the second quarter, said the people, who asked not to be named because the information is private. The firm is targeting about the same amount gathered for the prior fund in 2015.