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Blackstone Announces Formation of ClearGen and $250 Million Capital Commitment

Sep 18, 2020 - Business Wire
Partnership Announcement

Blackstone (NYSE: BX ), through funds managed by GSO Capital Partners LP ("GSO"), announced today the formation of a new portfolio company, ClearGen LLC ("ClearGen") that will finance and own distributed and sustainable energy infrastructure assets ("Distributed Infrastructure") focused on commercial, industrial and institutional customers. GSO will initially commit $250 million to fund ClearGen and expects to expand the commitment as capital is deployed. ClearGen will be managed by industry vet...