This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Blackstone Energy Partners Establishes Global Water Development Platform

Stocks in this article: BX

Blackstone Energy Partners, Blackstone's (NYSE: BX) energy-focused private equity business, today announced a partnership with a highly experienced management team to create Global Water Development Partners, a new water-investment and development platform. The team will be led by Usha Rao-Monari, former Global Head of the International Finance Corporation’s (IFC) Water and Wastewater Group, and Lars Thunell, former Chief Executive Officer of the IFC.

Global Water Development Partners, a company owned by funds managed by Blackstone on behalf of its investors, will support companies with critically-needed capital to create long-term and sustainable water facilities focused on the development of desalination facilities and large scale waste water treatment for industrial customers, and to identify, develop, finance, construct and operate large scale independent water development projects globally. Global Water Development Partners will partner with the key stakeholders in industry, government, private sector and civil society to find solutions to the key water sector issues of access and scarcity. Global Water Development Partners will leverage Blackstone’s expertise as an active investor and developer of infrastructure projects and its own management team’s extensive knowledge in this sector to identify opportunities globally.

Sean Klimczak, Senior Managing Director at Blackstone said, “We are excited to partner with such an experienced management team to identify and develop water projects around the world. With Usha’s and Lars’s leadership, we hope to build a best-in-class platform that will create value for investors.”

Usha Rao-Monari, CEO of Global Water Development Partners, said, “We look forward to partnering with Blackstone in this forward-thinking venture. Blackstone’s investment and greenfield development experience, capital resources, knowledge and relationships will support our team as we pursue and identify opportunities in the space.”

Lars Thunell, Chairman of Global Water Development Partners, said, “I am thrilled to be able to partner with Blackstone on this venture. Blackstone’s team truly understands the impact that private capital can have in infrastructure development both for the countries in which it operates and for its investors.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs