Carlyle Group has plans to launch a $4 billion fund, according to the Financial Times.
The Carlyle Group will be looking to invest in companies outside the United States in the energy supply chain, in exploration and production assets, refining and marketing, and oilfield services.
The new fund would be a follow-up to the Carlyle International Energy Partners (CIEP) fund that raised $2.5 billion when it was launched in 2013. The fund makes global opportunistic investments in oil and gas outside of North America, with primary investment focus on oil and gas exploration and production, midstream and downstream, refining and marketing, and oil field services.
Last year, CIEP acquired the North Sea gas assets of France’s Engie, along with other operations, for $3.9 billion.
