Carlyle Group Energy Fund15 Oct 2018 17:35
At these prices Colombian Oil is a steal.
"Mr van Poecke is one of the most prominent energy dealmakers in the private equity industry globally. He founded and ran Swiss-based oil refiner Petroplus before selling it to Carlyle and its former New York-based partner Riverstone in 2005.
He left Petroplus in late 2007 following its listing on the Zurich stock exchange. Carlyle and Riverstone made healthy profits on the deal, but the company went bankrupt five years later.
The 58-year-old is also the chairman of AtlasInvest, a private holding company he founded over a decade ago, and chairman of Oranje-Nassau Energie, an AtlasInvest portfolio company with oil and gas assets in the North Sea and west Africa.
Married with six children, he recently purchased a $22.3m mansion in Palm Beach, Florida, therealdeal.com reported, citing property records. His non-executive roles include those at Argos-North Sea Group, Hestya, Varo and Discover Exploration.
“The notion of ‘skin in the game’ is an important one and investors want a meaningful proportion of net wealth to be put on the line so as to ensure that executives are focused on downside risk as well as upside returns,” the corporate lawyer said.
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Carlyle looks to raise $4bn fund for oil and gas assets
The new fund under Mr van Poecke will invest in oil and gas assets outside North America, aiming to fill a gap left by international energy companies that are keeping a tight grip on their purse strings after a multiyear downturn.
The fund will buy companies that are active in all parts of the energy supply chain, from exploration and production, refining and marketing to oilfield services."
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