Janelle Bradley

2 weeks ago | pitchbook.com | Janelle Bradley

Blackstone has agreed to acquire energy holding company TXNM Energy in a $5.7 billion deal, paying $61.25 per share in cash and giving it an enterprise value of $11.5 billion. This marks Blackstone’s latest investment through its infrastructure platform, placing a bet on the clean energy transition with capital it manages over longer timeframes than traditional PE. The firm reported in its recent earnings call that its infrastructure strategy continues to grow substantially.

3 weeks ago | pitchbook.com | Janelle Bradley

Blue Owl has raised $7 billion in the third iteration of its digital infrastructure fund, securing $3 billion more than its original target and underscoring the strength of digital infrastructure within the broader real assets space. Digital infrastructure has remained one of the few bright spots across both infrastructure and real estate fundraising, said Anikka Villegas, a senior analyst for fund strategies and sustainable investing at PitchBook.

3 weeks ago | pitchbook.com | Janelle Bradley

iCapital has acquired Citi Wealth’s global alternative investment fund platform, as the fintech firm doubles down on its role in the private wealth boom. iCapital will manage and operate the platform, which includes more than 180 fund vehicles spanning private equity, growth equity, private credit, venture capital and hedge funds.

3 weeks ago | pitchbook.com | Janelle Bradley

NRG Energy is set to acquire natural gas assets from LS Power in a deal valued at $12 billion, as demand for AI continues to surge. The portfolio—consisting of 18 natural gas plants and a commercial and industrial power plant—will double NRG’s generation capacity to 13 gigawatts and expand the company’s footprint in the Northeast and Texas to meet long-term energy supply needs, particularly for data centers.

3 weeks ago | pitchbook.com | Madeline Shi |Janelle Bradley

The US and China inked a deal over the weekend to pause their steep reciprocal tariffs for 90 days, a move that buoyed financial markets and sent global stocks rallying on Monday. However, the private equity industry remained more reserved in response to the temporary truce. The 90-day framework stipulates that the US will drop the 145% tariff imposed in April to 30%, while China will lower its tariffs on US imports from 125% to 10%.