By Denver Business Journal

Startup Bear Tracker Energy LLC said Tuesday itâ¿¿s received a $200 million equity commitment, in part from a division of The Blackstone Group LP.

Denver-based Bear Tracker Energy, a midstream oil and natural gas company started last year by CEO Bob Clark, said the investment will come from Blackstone unit GSO Capital Partners LP and from Bear Trackerâ¿¿s management. The funds will be be used to develop North American midstream assets.

GSO Capital Partners has $24.3 billion in assets under management.

The company didnâ¿¿t provide the breakdown how much of the equity investment would come from GSO Capital Partners and how much would come from Bear Tracker management.

Copyright 2010 American City Business Journals
Copyright 2010