Carlyle amasses $2.8bn

The fund closed on double the amount raised by its predecessor

The Carlyle Group has closed its second energy credit investment vehicle at $2.8 billion. Carlyle Energy Mezzanine Opportunities Fund II will invest between $50 million and $500 million into the energy and power generation sector.

Texas Municipal Retirement System, Michigan Department of Treasury and Pennsylvania Public School Employees' Retirement System all committed to the fund.

The vehicles predecessor, Carlyle Energy Mezzanine Opportunities Fund, held a final close at half the amount – $1.38 billion – in November 2012.

Simpson Thacher & Bartlett LLP advised on the fundraise.