This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

The Carlyle Group Raises $1.38 Billion For Energy Credit Investments

Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has raised $1.38 billion for energy credit investments. Carlyle Energy Mezzanine Opportunities Fund (“CEMOF”) primarily targets investments in projects and companies in the power generation and energy sectors requiring capital of $20 million to $150 million per transaction. The fundraising effort exceeded Carlyle’s initial goal of $750 million.

David Albert, Managing Director and Co-head of the energy credit investment team, said, “We are delighted with the faith investors have shown in us and in our strategy. CEMOF provides growth capital which is less dilutive and more flexible than that of traditional private equity. We enable owners to maintain control of their companies’ governance and to retain the bulk of the equity upside.”

“We see strong opportunities in the market and have a great team based in New York and Houston to pursue them, as well as the Carlyle global network to assist in sourcing and supporting transactions,” said Rahul Culas, Managing Director and Co-head of the energy credit investment team. “The fund is off to a strong start having already made six investments in a mix of power generation projects and upstream and downstream energy companies.”

CEMOF reflects Carlyle’s ongoing strategy of expanding its asset management business beyond the firm’s historical focus on control-oriented private equity. The fund resides within Carlyle’s Global Market Strategies segment, which comprises an array of structured credit, middle-market credit and distressed credit products, as well as hedge fund strategies (long/short credit; emerging markets equities; macroeconomic strategy; and commodities) – 55 funds with $30 billion in assets managed by 117 investment professionals in New York, Washington, DC, Los Angeles, Houston, Hong Kong and London as of September 30, 2012.

CEMOF was advised by Simpson Thacher & Bartlett LLP.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,944.37 -191.35 -1.06%
S&P 500 2,078.91 -22.13 -1.05%
NASDAQ 4,940.4830 -42.3260 -0.85%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs