Deals
Blackstone Raises Record $7 Billion to Finance Clean-Energy Push
- Green Private Credit Fund III surpassed $6 billion goal
- The fund reflects firm’s ambitions to expand lending business
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Blackstone Inc. raised $7.1 billion for a fund to finance solar companies, electric car parts makers and technology to cut carbon emissions.
The Blackstone Green Private Credit Fund III surpassed its $6 billion goal. This marks the firm’s biggest stockpile for a bet that the economy will rely less on oil and gas — and that companies behind the shift to lower-carbon sources will need financing.