Sunday, July 22, 2012

Carlyle's Energy Mezzanine Opportunities Fund-A in Caymans

WSJ reported:

Carlyle Group has raised more than $512 million so far for its first mezzanine energy fund, according to regulatory filings.
Filings have been posted this year for three distinct entities, but they actually constitute capital raised for a single debut mezzanine energy vehicle, Carlyle Energy Mezzanine Opportunities Fund LP, according to a person familiar with the matter. The total amount raised is now greater than the $512.8 million combined total of those filings, he said.

SEC filings show the three entities, all in DC:

0001509539 Carlyle Energy Mezzanine Opportunities Fund, L.P. DC
0001509538 Carlyle Energy Mezzanine Opportunities Fund-A, L.P. DC
0001553963 Carlyle Energy Mezzanine Opportunities Fund-Q, L.P. DC

The first fund listed started with a minimum investment of $1.5 million.  Fund A, with a minimum investment of $5 million,  is incorporated in The Cayman Islands:

Fund Q had a minimum investment of $200 million, which is the rumored amount invested by Pennsylvania Public School Employees’ Retirement System.  That March investment turned into a June deal on a Philadelphia refinery, with layers of government subsidy. The White House effectively brokered the deal.

Philadelphia freedom includes off-shoring profits.