Blackstone has led a $5.34bn investment into a new joint venture with US energy infrastructure company Williams, alongside Apollo and investment vehicles managed by KKR, to fund a portfolio of behind-the-meter power generation projects.
Under the agreement, funds managed by Blackstone Credit & Insurance, together with Apollo and KKR-managed insurance accounts, will acquire a 49% non-controlling stake in five of Williams’ Power Innovation projects. Williams will retain the remaining 51% inter...
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