Carlyle Group Inc. hired Avik Dey to co-head its energy business as part of broader shifts in how the private equity firm invests in the industry.
Dey, who starts this summer, was previously chief financial officer at chemicals and plastic-resins maker Nova Chemicals Corp. and helped build Canadian pension investor CPP Investments’ strategy for renewables.
Carlyle is connecting its energy business with its $5 billion infrastructure arm, part of the firm’s push to make dealmakers work more closely together rather than act in competition. It’s making a broader bet on helping businesses navigate changing climate regulations and the economy’s shifting reliance on oil and gas to alternative forms of energy.
Read more: BNN Bloomberg
