Carlyle and CVC team up for oil fund

Laidlaw will lead the new fund, which is targeting large-scale investments in the North Sea, North Africa and South East Asia, alongside Carlyle and CVC.

The vehicle will be funded through the Carlyle International Energy Partners (CIEP) fund, which closed on $2.5bn in March this year, and CVC.

Laidlaw was most recently CEO of Centrica. Prior to that, he was executive vice president of global business development for Chevron Corporation. His former roles include CEO of Enterprise Oil, as well as group president and chief operating officer of Amerada Hess. He is also non-executive director of HSBC and chairperson of the National Centre for Universities and Business.

Marcel van Poecke is managing director and head of CIEP. Rob Lucas is managing partner of CVC.

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• Carlyle Group
• CVC Capital Partners
• Oil & Gas