The Carlyle Group, a global investment firm, has raised $2.2 billion for its Global infrastructure Opportunity Fund, the firm reported on Thursday.
The Carlyle Global Infrastructure Opportunity Fund (CGI) focuses predominantly on projects in transport and logistics, energy and power infrastructure, and water and agriculture infrastructure in OECD countries.
Its current projects include the redevelopment of Terminal One at New York’s JFK Airport, the development of major crude oil export terminal along the Texas gulf coast, and a strategic investment in Crimson Midstream Holdings, a crude oil transportation and storage service provider.
“We see tremendous opportunity to upgrade infrastructure, particularly in the United States,” said Andrew Marino, managing director and co-head of the Carlyle Infrastructure Opportunity Fund. “Our team’s leadership and deep domain expertise gives us the edge needed to perform for our investors as we participate in meeting a great national need.”
According to The Carlyle Group, the fund invests in businesses and assets that provide essential services, feature a dominant market position, have stable, inflation-linked cash flows and attractive regulatory environments as well as exhibit the potential for EBITDA margin expansion.
The team’s strategy is to actively manage the assets in which it invests and utilize the value-creating approach used by Carlyle across its global private equity and natural resources investment platforms to drive incremental value.
