Carlyle Group is targeting at least $1.6 billion for a second private equity fund which will focus on investments in renewable energy and sustainability assets, according to a report by Reuters.
The report cutes sources familiar with the matter as saying that Carlye began raising capital for Carlyle Renewable & Sustainable Energy Fund II earlier this year, which it achieves its target size, will be twice the size of its $800 million predecessor fund.
Carlyle has already been active in renewable energy and sustainability sector investments this year, investing $350 million to acquire a majority stake in US renewable energy developer Aspen Power Partners in November as well as launching Telis Energy which will target clean energy projects in Europe.
Read more: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.