The Carlyle Group has closed its first infrastructure fund with $1.15 billion in capital commitments. The fund will invest primarily in transportation and water infrastructure projects in the
Global private equity firm The Carlyle Group today announced it has completed raising its first infrastructure fund, Carlyle Infrastructure Partners (CIP), with equity commitments totaling $1.15 billion. The fund will invest primarily in transportation and water infrastructure projects in the U.S. and Canada generally ranging from $100 million to more than $1 billion in enterprise value.
CIP was established in March 2006 and has 14 investment professionals located in New York and Washington, DC with more than 100 years experience in global infrastructure investing. CIP will invest in transportation and water and wastewater facilities, including roads, bridges, tunnels, airport facilities, maritime ports, transit projects and other public benefit infrastructure. The team is co-headed by Robert W. Dove, former Executive Vice President at Bechtel Enterprises, and Barry P. Gold, former Managing Director and Co-head of the Structured Finance Group at Citigroup. CIP's first investment