Fundraising - AUGUST 17, 2015

Carlyle energy fund raises $839m

by Zoë Wolff

Carlyle Power Partners II has raised $839.3 million since its launch in June 2014, according to an SEC filing.

The fund, managed by The Carlyle Group, uses the same strategy as its predecessor, Carlyle Power Partners I, investing in power generation, typically where it has direct or indirect operational control, according to the firm’s website. The fund has more than 50 investors so far and has acquired Southeast PowerGen Holdings, which owns and operates six natural gas–fired plants.

Carlyle partners with Cogentrix Energy Power Management for Carlyle Power Partners to create a team of technical and financial experts to capitalize on current trends in the power market.

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