BlackStone Energy Partners has made a capital commitment of up to $800 million in Tamarind Energy, a new E&P company. Tamarind will focus on growing production and reserves from producing oil & gas fields, developing discoveries and capturing exploration potential in and around proven plays to build a high quality portfolio. The funds were committed with an emphasis on building long-term, strategic relationships with host governments. Read more about it here.
BlackStone has also partnered with Black Rhino, an African infrastructure development company, to focus on large-scale infrastructure projects across Sub-Saharan Africa, especially in the energy sector.
Blackstone is not alone in its funding of energy companies in developing markets, in a recently announced deal, solar panel materials manufacturer JinkoSolar will receive $225 million from a bevy of Private Equity investors as well. A few more notable deals, courtesy of our event partner – Pitchbook Platform: