The Carlyle Group LP (Nasdaq: CG) has raised a $2.8 billion credit fund, called Carlyle Energy Mezzanine Opportunities Fund II, underlining the investment firm’s commitment to energy M&A as the sector looks to recover from volatile commodity prices.

Raising more than twice the size of the firm’s $1.4 billion inaugural energy fund in 2012, CEMOF II will invest between $50 million to $500 million in energy projects and companies. The CEMOF launched in 2010 to target energy and power sectors, including: power generation, renewable energy, oil and gas production, oilfield services, and midstream infrastructure.

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