The slump in oil and gas prices is continuing to lure private capital to the energy market as fund managers see an opportunity in helping firms access much-needed finance.
This week, Carlyle Energy Mezzanine Opportunities Fund II, which targets energy-related opportunities across North America, held a final close on $2.8 billion, double the amount collected by its predecessor and the largest of its type to close this year.
Closed-ended mezzanine and debt fundraising focused on energy has gathered pace since 2014, with $3.95 billion raised this year. The largest energy-focused debt fund currently in market is Blackstone’s GSO Energy Select Opportunities Fund, launched in January 2015. The vehicle has a target size of $3 billion.