The world’s biggest listed private-equity firm is marketing its latest energy fund to capitalize on rebounding oil prices and tighter financial discipline among public oil producers. Blackstone Group LP is planning a first close this quarter on more than half of the roughly $4.5 billion it seeks for its third energy fund, according to a person familiar with the matter. The New York firm is raising the pool three years after it sealed $4.5 billion for its previous energy fund, people said.

Source: Wall Street Journal May 10, 2018 16:30 UTC