Riverstone/Carlyle Banks $6 Billion
The Carlyle Group and Riverstone LLC have quietly closed on around $6 billion for their fourth Global Power & Energy Fund, peHUB has learned. The commitment period has been extended for a few more months, although I'm not sure how much more cash the firms are hoping to get (probably not much, since $6b was the original target). By the way, it's worth noting that the official name of this fund is Riverstone/Carlyle Global Power & Energy IV. That is a reversal from the earlier vehicles, which were named Carlyle/Riverstone blah blah. Same flip for the groups' second Renewable Energy Fund.
25 March 2009•1 min read
