Carlyle Girds For Energy Mezz Deals

Firm: Carlyle Group

Fund: Carlyle Energy Mezzanine Opportunities Fund-Q LP

Amount Raised: $200 million

Placement Agent: None

The Carlyle Group has been racking up new capital for a number of energy mezzanine investments, according to Securities and Exchange Commission filings reviewed by sister Web site peHub. The shop recently submitted a filing regarding its Carlyle Energy Mezzanine Opportunities Fund-Q LP, saying it had bagged an impressive $200 million toward the fund from a sole LP.

The federal filing submitted indicated the fund might be a sole LP’s managed account, since it stated there is no more room in the fund to be sold. The fund was formed in 2011.

Carlyle’s Q-fund isn’t the only mezzanine energy play the buyout shop is making this year, according to documents submitted earlier in 2012.

Carlyle Energy Mezzanine Opportunities Fund-A LP, which has been around since 2010, has raised $85 million toward an indefinite target, according to its most recent filing. The filing states it has just two investors to date. Carlyle Energy Mezzanine Opportunities Fund LP, has also been in the market since 2010. Like its nearly identical counterpart, it also has an indefinite target—but has bagged more than $227 million from 31 investors.

Carlyle’s energy mezzanine funds remain open, according to a person familiar with the firm’s plans, and a more recent figure for their aggregate value is near $750 million. The funds will not be independent of one another, but, instead, will invest together in deals, the source said.

Senior leadership from the private equity firm are the GPs listed on at least one of three separate documents; among them: William Conway, David Rubenstein, Daniel D’Aniello, Rahul Culas, Michael Petrick and David Albert.

None of the filings indicated Carlyle used a placement agent for its funds. Next, it remains to be seen how the open ones will be filled—with whom—and how they’ll invest. Carlyle is not the only big buyout shop making waves in the mezzanine market; Kohlberg Kravis Roberts & Co. announced in September that it had closed a $1 billion mezzanine fund, KKR Mezzanine Partners I.

(Jonathan Marino is editor/columnist for peHub.)