Carlyle looks to raise $4bn fund for oil and gas assets | Financial Times

Carlyle looks to raise $4bn fund for oil and gas assets | Financial Times:

Carlyle is seeking to raise a $4bn fund to invest in oil and gas assets outside of North America, as the private equity group looks to take advantage of a pullback in spending from some of the world’s biggest energy companies after a brutal downturn.

Most private equity investment in the sector is concentrated in the US but Carlyle’s London-based team is looking at opportunities across Europe, Africa, Latin America and Asia.

Glenn Youngkin, the Washington-based buyout group’s co-chief executive, and Marcel van Poecke, soon-to-be chairman of its energy, natural resources and infrastructure division, met investors on Tuesday, two people at the gathering said.