Blackstone Raises $5.6 Billion for Latest Energy Transition Fund

Blackstone Inc. has raised $5.6 billion for a fund dedicated to investing in the transition to cleaner energy, people familiar with the matter said.

The fund, Blackstone Energy Transition Partners IV, is about a third larger than its predecessor, according to the people, who asked not to be identified discussing confidential information.

The firm has already struck several deals with money from the new fund. These include investments in companies such as Trystar, a provider of electrical power solutions, and Sediver, a maker of toughened glass insulators.

A representative for Blackstone declined to comment.

Blackstone is wagering ...