Carlyle Seeks $2 Billion for High-Yield Infrastructure Debt Fund

Carlyle Group Inc. is looking to raise about $2 billion for a fund that will focus on high-yield private debt for infrastructure projects, according to people familiar with the matter, as alternative lenders look outside of their traditional domains to other asset classes.

The Carlyle Infrastructure Credit Fund II is set to invest in the senior and junior debt pieces of directly originated financings for projects primarily in energy transition opportunities. That includes sectors such as renewable energy, digital infrastructure and social infrastructure, said the people, who declined to be identified as the details are private. The funds will also ...