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Peter Taylor to co-head Carlyle’s global infra business

After spending 16 years at Hastings Funds Management and joining Carlyle last year, Taylor will work alongside Andrew Marino at the US firm’s infrastructure division.

The Carlyle Group has promoted Peter Taylor to co-head its global infrastructure business after the private equity firm closed its latest energy debt vehicle at $2.8 billion in November.

Taylor started at Carlyle last June as a managing director and now joins Andrew Marino as one of the firm’s leading infrastructure specialists. He left Hastings Funds Management as executive director and global head of global investment for its infrastructure division after working for that firm for 16 years. He’s also worked as a director at Deutsche Bank.

Taylor will join Marino at Carlyle’s headquarters in Washington DC. His promotion is among 62 other personnel moves the firm announced on Wednesday.

Carlyle closed fundraising for two funds last year. In November, the firm said it had raised $2.8 billion for its second energy investment mezzanine fund, double the commitments of the firm’s previous vehicle. A roster of LPs invested in the fund including Michigan, Texas and Pennsylvania public pension funds, according to Infrastructure Investor data.

The firm also closed the Carlyle Power Partners II on its $1.5 billion target in April. CPP II has been investing in power generation assets since it launched in 2014. Its portfolio currently includes Cogentrix, natural gas-fired plant operator Southeast PowerGen and natural-gas fired power plant Rhode Island State Energy Center.

Carlyle is reportedly in the midst of fundraising its Global Infrastructure Opportunity Fund, a longer-hold, non-core vehicle with a target of $2.5 billion. Overall, it manages $169 billion of assets across 125 funds and 177 fund of funds as of 30 September.