Blackstone has held a final close on its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III), at a US$7.1 billion hard cap.

Blackstone has established a leading foundation dedicated to private credit within the realms of energy transition and infrastructure markets. The ongoing shift towards energy transition is exerting significant influence on various sectors of the economy, thus driving the demand for effective private capital solutions. BGREEN III is under the supervision of Blackstone Credit's Sustainable Resources Platform, which is specifically designed to extend private credit services to the renewable energy, infrastructure, and energy transition sectors. This platform boasts a team of around 40 investment experts spanning across North America, Europe, and Asia. Its investment spectrum encompasses investment-grade credit, non-investment-grade credit, preferred stocks, and convertible securities.