Blackstone Group said it is investing an initial $250m in ClearGen, a new portfolio company that will finance and own distributed sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.
The private equity giant, through funds managed by its credit-investment arm GSO Capital Partners, expects to increase its commitment as capital is deployed, the company said Friday, 18 September.
Co-founders George Plattenburg, who is chief executive, and Collin Franceschi, who is chief development officer, will lead the company, Blackstone said. Plattenburg served as managing partner at Burton Energy Group. Franceschi was the manager of commercial development for Duke Energy.
ClearGen will invest in assets including microgrids, distributed generation, renewable energy combined with battery storage, energy efficiency, green transportation and combined heat and power plants, BlackStone said.
Source: Private Equity News
Can’t stop reading? Read more
Bain Capital-backed Namirial and PSG’s Signaturit agree to merge in European DTM software play
Bain Capital-backed Namirial and PSG’s Signaturit agree to merge in European DTM software play...
Latour Capital acquires Nexans’ Industry Solutions unit Lynxeeo in €525m deal
Latour Capital acquires Nexans' Industry Solutions unit Lynxeeo in €525m deal Latour Capital has...
BlackRock finalises HPS acquisition to launch $190bn private credit platform
BlackRock finalises HPS acquisition to launch $190bn private credit platform BlackRock has...