DJIA54036.93 151.83
S&P 5007757.64 47.68
NASDAQ26690.62 342.27
Russell 20003041.60 33.80
German DAX26319.45 179.32
FTSE 10010901.09 33.20
CAC 408714.93 15.22
EuroStoxx 506526.65 14.40
Nikkei 22565606.71 -76.55
Hang Seng25668.03 137.75
Shanghai Comp3940.04 39.69
KOSPI6258.77 -37.61
Bloomberg Comm IDX131.72 1.78
WTI Crude-fut79.99 -3.34
Brent Crude-fut78.18 0.07
Natural Gas2.66 0.03
Gasoline-fut2.99 0.03
Gold-fut4399.70 101.20
Silver-fut63.50 1.71
Platinum-fut1759.60 24.70
Palladium-fut1378.30 2.80
Copper-fut659.10 -12.95
Aluminum-spot3195.00 0.00
Coffee-fut315.90 9.80
Soybeans-fut1176.25 -1.50
Wheat-fut639.75 8.50
Bitcoin64852.21 551.35
Ethereum USD1913.94 10.30
Litecoin45.45 0.01
Dogecoin0.07 0.00
EUR/USD1.1528 -0.0012
USD/JPY158.59 0.99
GBP/USD1.3442 -0.0026
USD/CHF0.8133 0.0057
USD IDX99.54 -0.39
US 10-Yr TR4.647 -0.023
GER 10-Yr TR3.1261 -0.0036
UK 10-Yr TR4.9086 -0.0152
JAP 10-Yr TR2.791 -0.009
Fed Funds3.75 0
SOFR3.65 0.01
High-rise commercial buildings

Sub Markets

Topics

Infrastructure  + Alternative Assets  + Real Assets  | 
Black Bay Raises $425M for Third Energy and Industrial Fund

Black Bay Raises $425M for Third Energy and Industrial Fund

Black Bay Partners has closed Black Bay III, L.P. at its hard cap of $425 million, marking the firm’s largest fund to date and underscoring investor conviction in its specialized strategy across the energy industry and adjacent chemical and industrial sectors.  

Founded in 2016, Black Bay has now raised over $850 million in cumulative capital commitments and completed 16 platform investments, including one in Fund III.  

“We see a robust pipeline of attractive investments for Fund III and look forward to partnering with portfolio company leadership teams to accelerate growth, enhance capabilities, and build durable, high-performing businesses,” said partners Tom Ambrose, Guy Cook, John Lancaster and Matt Schovee. 

Lazard Frères & Co. LLC served as exclusive placement advisor on the fundraise, while Latham & Watkins LLP, led by partner Edward D. Nelson, acted as legal counsel to Black Bay III. 

Connect

Inside The Story

Black Bay Partners

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action