Blackstone Overview
Blackstone, founded in 1985 and publicly listed since 2007, is a leading global alternative asset manager with approximately $619 billion of assets under management across private equity, real estate, hedge fund and credit investments
Blackstone has invested over $17 billion of private equity capital within the energy industry globally
Onyx is capitalized through two funds managed by The Blackstone Group L.P. (“Blackstone”): Blackstone Energy Partners II, a $4.5 billion energy-focused fund, and Blackstone Capital Partners VI, a $15 billion diversified general purpose private equity fund.
SEEIT Overview
SDCL, founded in 2007, is a UK-based alternative investment firm which manages SDCL Energy Efficiency Income Trust PLC (“SEEIT”), an investment company listed on the London stock exchange (LON: SEIT)
SEEIT has invested over £600 million in energy efficiency and distributed energy generation assets in the UK, Continental Europe and North America
Blackstone, SEEIT and Onyx Relationship
In December of 2020, SEEIT acquired a 50% interest in Onyx from Blackstone, which will continue to hold the remaining 50%
Blackstone & SEEIT provides Onyx with financial resources to capture renewable energy opportunities. Onyx functions as a platform for Blackstone Energy Partners’ development and ownership of renewable energy projects in North America
Applying prudent underwriting and rigorous due diligence practices, Onyx adopts a disciplined approach deploying capital in adherence to Blackstone & SEEIT’s underwriting standards