Fundraising

Carnelian Energy Capital raises $600m

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Carnelian Energy Capital has raised $600 million to date for its Carnelian Energy Capital II, per a SEC filing. The Houston-headquartered firm has set a $600 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $400 million in 2015.

Investors that committed to Carnelian Energy Capital II include the University of Houston System.

The fund will target venture capital opportunities in energy sectors in North America.Â