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The Carlyle Group holds $1.5b final close

by Andrea Waitrovich

The Carlyle Group has announced a $1.5 billion final close for its Carlyle Power Partners II.

The fund targets power generation assets throughout North America and leverages the technical, engineering and management capabilities of Cogentrix Energy, a power operations platform based in Charlotte, N.C.

CPP II has started to invest its capital with three transactions announced since its initial closing, each involving highly competitive gas-fired power plants. Following completion of the fund’s acquisition of Essential Power, announced in February 2016, the Carlyle Power Partners portfolio will include 28 facilities representing a total capacity of more than 5,800 megawatts.

Carlyle Power Partners I closed  in May 2013.

 

 

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