The Carlyle Group has raised $2.8 billion for its latest energy credit investment vehicle, Carlyle Energy Mezzanine Opportunities Fund II.
The fund primarily targets investments in projects and companies in the power generation and energy sectors requiring capital of $50 million to $500 million per transaction. The fund is more than twice the size of its predecessor, Carlyle Energy Mezzanine Opportunities Fund, which closed in 2012.
Launched in 2010, Carlyle Energy Mezzanine Opportunities Fund now manages more than $4 billion in energy investments. Current investments include Shenandoah Petroleum Corp. and Hilcorp Energy Development, a partnership with Hilcorp Energy Co.