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    Home»Funds»Carlyle targeting $1.6B for second renewables fund
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    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022Updated:November 18, 20221 Min Read
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    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

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