Carlyle Group Seeks $4 Billion for Oil-and-Gas Fund
(Bloomberg) -- Carlyle Group LP is trying to raise a $4 billion fund that will invest in oil-and-gas assets outside of North America, according to a person familiar with the matter.
The fund plans to buy companies active in the energy supply chain and will use them to acquire assets in exploration and production, refining, marketing and oilfield services. A representative for the private equity firm declined to comment. The Financial Times reported on the fund earlier Tuesday.
Other money managers are seeking to raise money in the sector. Blackstone Group LP is nearing a first close of about $3 billion for its third energy fund and targeting about $4.5 billion, Bloomberg reported earlier this month.
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