The Carlyle Group has formed a strategic partnership with Dangote Industries to invest in Sub-Saharan Africa. Carlyle will invest through its Carlyle International Energy Partners fund to invest in the oil and gas industry including exploration and production and refining and gas commercialization. The partnership, through the Carlyle Sub-Saharan Africa Fund, also will invest in consumer, financial services and agribusiness.
According to an SEC Form D filing, London-based Columbia Lake Partners Growth Lending is raising $25 million for its debut fund. Craig Netterfield is listed as the director of the general partner of the issuer in the filing
Fortress Investment Group has closed its Fortress Worldwide Transportation and Infrastructure Investors fund at its hard cap of $995 million. The fund was originally raised as a $395 million vehicle, which was followed up by a top-up capital raise of $600 million. The fund’s portfolio includes aviation, shipping, offshore energy and rail assets and infrastructure.
JMI Equity has raised $1 billion in the final close of its oversubscribed eighth growth equity fund. JMI said Fund VIII was the largest it has raised to date.
Real estate private equity firm Madison Realty Capital has raised $145.4 million in the first close of its third debt fund. Its target is $600 million. The pool’s LPs include public pension funds, corporate pension funds, university endowments, family offices and wealth managers.
NGP Energy Capital Management, the veteran energy firm backed by The Carlyle Group, has held a first close on its 11th energy investment fund on about $1.3 billion from 92 investors, according to a filing with the U.S. Securities and Exchange Commission.
Orchid Asia, one of China’s oldest private equity firms, has closed its sixth private equity growth fund, raising $920 million, well above its original target, on a record of strong returns to investors.