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Carlyle Targets $7B for Energy Funds

Nov 11, 2013
Jing Chen

Hedge fund and private equity firm The Carlyle Group is planning to raise $7 billion for energy funds in the next two years.

Bloomberg reported that Washington-based Carlyle wants to raise $4 billion for a North American energy fund and $1.5 billion each for an international energy and North American power funds.

That pool and the power fund will focus on mid-size companies.

Carlyle, which expanded its energy business in December when it purchased a stake in Texas-based energy investor NGP Energy Capital Management, added six new executives to its energy team in May.

Carlyle has about $157 billion in assets under management.

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