Blackstone Eyes $3 Billion For Energy Fund

Nov 8 2011 | 9:29am ET

When it comes to its first foray into energy fund management, the Blackstone Group isn't starting small.

The private equity giant hopes to raise up to $3 billion for its first energy fund, Bloomberg News reports. That would make it larger than similar funds launched by rivals Kohlberg Kravis Roberts and Apollo Global Management.

Blackstone has invested in energy before, but from its general pools.

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