By Silicon Valley / San Jose Business Journal

Clean technology companies may increasingly look to Blackstone Group LP for money, as the firm has raised $90 million for a cleantech investment fund.

The New York-based private equity firm (NYSE: BX), which has an office in Menlo Park, said in a regulatory filing Monday that it had raised 18 percent of a broader $500 million cleantech fundraising push. Some $410 million remains to be committed.

The filing with the Securities and Exchange Commission did not identify who invested in the fund, known as Blackstone Cleantech Venture Partners LP, but said 8 participated.

Blackstone launched a cleantech investment group in August 2008 and has put money from the Venture Partners fund into at least one company, Illinois-based biofuel maker Coskata Inc.

Copyright 2010 American City Business Journals
Copyright 2010