Blackstone completed the acquisition of a minority stake in Xpansiv, a market-infrastructure platform for global carbon and environmental commodities, for $400m. “We believe environmental commodities are a critical new asset class that must scale exponentially to meet climate change mitigation targets pledged by governments, companies, and entire industries. Xpansiv is a leader in this space, and we are delighted to provide the capital and resources to help them further expand their offerings and accelerate their growth," Bilal Khan, Blackstone Senior Managing Director.