Kirk Falconer

With its credit fund and equity funds both expected to close in 2023, Blackstone may soon have as much as $13bn of energy transition capital.

Blackstone Energy Transition Partners IV,, which has raised north of $1bn, is expected to reach its target and cap by the summer of 2023.

After only six months of marketing, the emerging manager has already secured more than three-quarters of Fund I’s target.

The global transition fund, soon to close at $15bn, will be “just the first fund in what we believe will be a very attractive growth avenue,” MD Natalie Adomait said.

The former BlackRock exec - named to our inaugural Rainmaker 20 list - will be responsible for fundraising and investor relations.

The listed giant's private equity and infrastructure groups are expected to launch follow-up flagship vintages in the next 12 months, according to Bruce Flatt.

Blackstone's global head of private equity talks about the firm's long-hold strategy. Blackstone raised $8.2bn for its second offering, 70% more than the strategy’s 2016-vintage debut fund.

Shah will oversee Brookfield’s push into new areas, such as insurance and secondaries, which together have a projected long-term value of up to $450 billion.

As part of the job, Tall will directly manage the global PE investment platform, replacing Charles Émond, who in January was named CDPQ’s president and CEO.