Washington D.C. based Carlyle Group has raised over $1.8 billion for its Carlyle International Energy Partners Fund, according to SEC filings. The fund has a $1.5 billion target.
Carlyle International Energy Partners Fund first came to market last year.
The fund will invest in oil and gas exploration and production, midstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia.
Carlyle was unavailable for comment on the fundraise at press time.
On Carlyle’s most recent earnings call, the firm said this fund would be the largest first fundraise in the Carlyle’s history, Infrastructure Investor's sister publication Private Equity International reported at the time.
The firm is seeking approximately $7 billion for energy investments over the next couple of years as part of a broader energy and infrastructure push.
Earlier this month, Carlyle and African business conglomerate Dangote Industries announced a strategic partnership to invest in Nigerian oil and gas ventures and other sub-Saharan projects. The firms expect to raise $1 billion for the co-investment vehicle.
Additional reporting by Matthieu Favas