Carlyle closes $2.3B infrastructure credit fund, 3x its predecessor
What's the deal? The Carlyle GroupDealroom has a profile for this one. Try Dealroom → has raised $2.3 billion at final close for its Carlyle Infrastructure Credit Fund II, beating a $2 billion target. The vehicle is three times larger than its predecessor, drawing commitments from institutions across North America, Europe, and Asia.
What's the endgame? The fund finances infrastructure businesses and assets, targeting below-investment-grade opportunities. Focus areas span the energy transition, digital infrastructure, low-carbon power, and water and waste treatment.
Where does it stand? The fund already holds six investments across North America and Europe, with roughly $500 million committed. Carlyle's infrastructure credit arm manages around $8.7 billion, part of a global credit platform with $211 billion in assets.
Why it matters: "This fundraise reflects the continued momentum across Carlyle's global credit platform and investor demand for differentiated private credit strategies," said Mark Jenkins, co-president and head of global credit and insurance at Carlyle.
The signal: Infrastructure debt is drawing heavy institutional money as private credit expands into assets tied to power, data, and utilities. The tripling of Carlyle's fund — alongside peers like EIGDealroom has a profile for this one. Try Dealroom → raising $4 billion across its infrastructure debt platform — points to appetite for long-dated, asset-backed lending strategies.
Read more: alternativecreditinvestor.com
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