The Carlyle Group raises US$2.2bn for infrastructure fund

Fund invests in transport, energy and water infrastructure projects in OECD countries including a terminal at New York's JFK Airport and a US crude oil export terminal

The Carlyle Group has announced the final close of the Carlyle Global Infrastructure Opportunity Fund (CGI), a US$2.2 billion fund that invests in infrastructure assets in OECD countries. It focuses predominantly on projects in transport and logistics, energy and power infrastructure and water and agriculture infrastructure.

CGI has closed or announced several projects in the United States, including:

•  Terminal One at New York's JFK Airport,

•   Lone Star Ports Harbor Island Crude Export Terminal, designed to be the first U.S. onshore export terminal to service fully-laden Very Large Crude Carriers, located in Texas, and

•   Crimson Midstream Holdings, a provider of crude oil transportation and storage services in California, Louisiana and offshore Gulf of Mexico.

Peter Taylor, managing director and co-head of the Carlyle Global Infrastructure Opportunity Fund, says, “Our team brings the full breadth of Carlyle’s industry expertise and global reach, including our strong network and presence in the United States, to find opportunities and drive value for each investment.”

Andrew Marino, managing director and co-head of the Carlyle Infrastructure Opportunity Fund, says, “We see tremendous opportunity to upgrade infrastructure, particularly in the United States.”

CGI invests in businesses and assets that provide essential services, feature a dominant market position, have stable, inflation-linked cash flows and attractive regulatory environments as well as exhibit the potential for EBITDA margin expansion. 

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Date

12 Jul 2019

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