Carlyle Plans To Sink $7B Into Energy, Power Funds

Law360, New York (November 12, 2013, 2:39 PM EST) -- The Carlyle Group LP said Monday that it wants to raise $7 billion for three energy funds by 2015 as the private equity powerhouse seeks to cash in on both growing global energy demand and power demand in the U.S.

At the first day of its annual investor conference, Carlyle said it's looking to raise $4 billion for a fund focused on energy projects in North America, and $1.5 billion each in funds devoted to international energy projects and North American power projects, respectively.

The firm...
To view the full article, register now.