Carrier Energy Partners II formed with additional $100M from Riverstone

Carrier Energy Partners LLC has an agreement for an additional $100 million investment from Riverstone Holdings LLC, according to Bloomberg.

With the new investment from Riverstone, Carrier has formed Carrier Energy Partners II LLC for acquiring and exploiting upstream oil and gas assets. Carrier initially received a $300 million investment from Riverstone in 2013, forming Carrier I, which is still active in its ongoing investments.

Bloomberg reports that the latest Riverstone commitment represents $67 million from Riverstone Global Energy and Power Fund VI, and $33 million from Riverstone Energy Ltd.

Vinson & Elkins LP advised Riverstone on the transaction.

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