Carlyle raises $1.8b for energy fund

Carlyle has raised over $1.8 billion for its international energy fund

Washington D.C. based Carlyle Group has raised over $1.8 billion for its Carlyle International Energy Partners Fund according to SEC filings. The fund has a $1.5 billion target.

Carlyle International Energy Partners Fund first came to market last year.

The fund will invest in oil and gas exploration and production, midstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia.

Carlyle was unavailable for comment on the fundraise at press time.

On Carlyle’s most recent earnings call, the firm said this fund would be the largest first fundraise in the Carlyle’s history, PEI reported at the time.

The firm is seeking approximately $7 billion for energy investments over the next couple of years as part of a broader energy and infrastructure push.

Carlyle has also raised €1.4 billion this month toward its Carlyle Europe Partners IV, closing in on its €3 billion target, according to Private Equity International’s research and analytics division.

The firm is also on pace to close its fourth Asia fund this month. That fund has a $3.5 billion target. The firm made its first deal out of the fund in March, buying Korea-based security business ADT Caps in a corporate carve-out transaction that was worth $1.93 billion – Korea’s largest US dollar buyout since 2008, PEI reported in August.