Simpson Thacher Reps Carlyle On $1.4B Energy Fund Closing

Law360, New York (November 27, 2012, 2:19 PM EST) -- The Carlyle Group LP has closed its first energy lending fund with nearly $1.4 billion in capital commitments, far outstripping the private equity giant's fundraising goal of $750 million, Carlyle said Tuesday.

The Washington, D.C.-based PE firm said it had raised $1.38 billion for the Carlyle Energy Mezzanine Opportunities Fund LP, which will make energy credit investments in North America. The fund will invest between $20 million and $150 million in projects and companies in the power generation and energy sectors.

The closing date of the...
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