Blackstone and clean energy in China

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Blackstone is raising approximately $500 million to invest in clean energy technology in addition to raising another $740 million USD in a Chinese Yuan denominated fund.  The firm is coy about which opportunities it sees as most promising but did Jonathon Gray, Blackstone’s co-head of real estate said that it sees significant opportunities in commercial real estate.  It currently has no plans to buy back shares at today, post crisis, prices.  Blackstone is currently sitting on about $15 billion and has found the recent credit recovery more robust than they anticipated.  Therefore analysts foresee the possibility of a $10 billion buyout in the near future.

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