Blackstone Energy Partners

On September 5, 2012, Blackstone announced the final closing on just over $2.5 billion for Blackstone Energy Partners ("BEP") its first dedicated energy focused private equity fund. BEP invests in control and control-oriented equity investments within the energy and natural resources sector on a global basis. Blackstone Capital Partners VI, Blackstone's $16 billion diversified global private equity fund invests alongside BEP in energy and natural resources transactions. Between its first closing in August 2011 and September 2012, BEP already committed more than $965 million in six investments.