Blackstone closes USD 8.70 billion fund: Blackstone stock gains 2.03 percent

Published on 10/29/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BETP V reached USD 8.70 billion, more than 50 percent larger than its predecessor. Blackstone stock costs EUR 105.75 versus EUR 103.65.

Fund scale and investor context

Blackstone announced the USD 8.70 billion fund close on October 19, 2026.
The strategy reported a 34 percent net IRR as of June 30, 2026.
Blackstone stock trades at EUR 105.75 at 10:31 a.m. CET at Lang & Schwarz on October 29, 2026, 2.03 percent above the Xetra close of October 28, 2026.

Blackstone Inc., US09260D1072, Illustration mit AI erstellt.

Blackstone Inc. (ISIN US09260D1072) announced the final close of its Energy Transition Partners V fund at USD 8.70 billion on October 19, 2026. The fund is more than 50 percent larger than its predecessor, according to the Business Wire release. Blackstone stock was trading at EUR 105.75 at Lang & Schwarz on October 29, 2026 at 10:31 a.m. CET, 2.03 percent above the Xetra close of October 28, 2026 at EUR 103.65.

Fund size sets a new scale

BETP V reached its hard cap and had already entered its investment period in June. Blackstone said the strategy had funded three platform companies and completed three acquisitions focused on energy efficiency and infrastructure resilience.

The release puts the new vehicle in the context of a broader investment record. Blackstone Energy Transition Partners reported a 34 percent net IRR since 1997 as of June 30, 2026, while the strategy had committed more than USD 11.00 billion in new equity investments since January 2025.

What does the close change?

The size of the vehicle gives Blackstone fresh capital for power generation, electric transmission and energy-efficiency assets. The company said the strategy had committed more than USD 34.00 billion globally across energy-related sectors, a figure that includes earlier funds.

The fund announcement adds a business-development signal to Blackstone's recent earnings picture. The new capital pool may support future deployment, but the release does not provide a forecast for fee-related earnings or distributable earnings from BETP V.

Stock trades above Xetra close

Blackstone's market capitalization was USD 134.7 billion on the October 28, 2026 primary-market quote, while the same quote showed a 52-week range of USD 101.73 to USD 165.14. The current euro quotation sits above the dated Xetra reference price, keeping the fund close and the market move as separate facts.

Blackstone stock was trading at EUR 105.75 at Lang & Schwarz on October 29, 2026 at 10:31 a.m. CET, 2.03 percent above the Xetra close of October 28, 2026 at EUR 103.65. The further course of trading is shown by the continuously updated real-time quote of Blackstone stock.