Private Equity 3 Hours

Last updated: July 6, 2026, 2:30 PM ET

Private Equity Dealmaking

Blackstone has acquired Dresser Utility Solutions from First Reserve, marking the initial investment from its new energy transition fund. The Houston-based company supplies infrastructure equipment for natural gas and water. Meanwhile, Singaporean family office JRT Partners signaled an intention to increase its exposure to the secondaries market, with a focus on opportunities in the U.S., Australia, and Western Europe.