Cequence Energy Ltd Common CEQXF

Carlyle Group joining the party

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One of the worlds biggest private equity firmsthe Carlyle Groupis looking to raise US$4 billion for a new fund to invest in oil and gas assets as it seeks to seize opportunities after oil majors scaled back spending during and after the oil price crash, the Financial Times reports, citing people and investors familiar with the plans. The Carlyle Group will be looking to invest in companies outside the United States in the energy supply chain, in exploration and production assets, refining and marketing, and oilfield services.