Carlyle Stacks Up $2.5 Billion for International Energy Fund
The Carlyle Group closed its first private equity international energy fund at US$ 2.5 billion attracting sovereign wealth funds and pensions – totaling around 160 investors. The fund, Carlyle International Energy Partners (CIEP), started raising capital back in the middle of 2013. By August 2014, Carlyle raised US$ 1.86 billion in commitments for CIEP. Adding up Carlyle’s other energy funds and platforms such as the NGP-family vehicles, the private equity giant wields an energy-focused war chest of over US$ 10 billion.
Strategy and Team
CIEP whose advisory team is based in London has been targeting oil & gas and other energy supply chain assets mostly in Europe, Africa, Asia and Latin America. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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