Seeking Alpha reported:
Carlyle Group is winding down the $4B Carlyle Energy Mezzanine Opportunities Fund II after the departure of the fund's two co-heads, Bloomberg reports, citing people with knowledge of the matter.Past Carlyle unwinds include hedge fund Blue Wave Partners, Claren Road, Vermillion Asset Management, Diversified Global Asset Management and two mutual funds.
David Albert and Rahul Culas recently left the firm, triggering a so-called key-man event.
Carlyle Capital Corporation imploded in March 2008, a harbinger to that year's Fall Financial Crisis.
Carlyle's initial energy investments went through Riverstone Holdings. It faced potential clawbacks after energy prices went south in 2016.
What will be Carlyle's next wind down?
