OPTIMIST: Blackstone Giddy on New Energy Fund
Investment bankers and dealmakers perceive the fall of oil prices as an opportunity to scoop up assets and consolidate energy companies. The unprecedented plummet in crude prices since the summer has moved stock prices of junior energy companies down at low levels. Private equity firms like Blackstone Group, Apollo Global Management and Riverstone Holdings are looking to take advantage of the dislocations roiling the energy markets. Will credit energy funds be the rage in 2015?
The Blackstone Group has raised US$ 4.5 billion on a new energy fund, Blackstone Energy Partners II, from over 120 limited partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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