The Carlyle Group has raised $2.5 billion for its first international energy fund, the largest first-time fund in the firm’s history. Carlyle International Energy Partners began raising capital in mid-2013 and has attracted 160 investors. Carlyle now has more than $10 billion of capital ready to deploy across its global energy platform.
CIEP seeks opportunities in oil and gas investments located in Europe, Africa, Latin America and Asia. The primary investment focus is on oil and gas exploration and production, mid- and downstream, refining and marketing, and oil field services.
CIEP’s current investments include: Varo Energy, a refining, storage and distribution business operating in Germany and Switzerland; Discover Exploration, an oil and gas exploration company based in the United Kingdom that focuses on Africa, Latin America and Asia; and HES International, a European liquids, dry-bulk storage and handling business located in the Netherlands.