Carlyle Joins KKR in Europe Infrastructure Push: Credit Markets

Money managers from Carlyle Group LP to KKR & Co. are setting up funds that will allow their investors to take advantage of Europe’s $600 billion plan to build its way out of a recession.

Carlyle, the second-biggest private-equity firm, raised $1.38 billion last month to plow into energy projects, while KKR, run by buyout pioneers Henry Kravis and George Roberts, got more than $1 billion in June for its first infrastructure fund. BlackRock Inc., the world’s biggest fund manager with $3.67 trillion in assets, hired a team from Blackstone Group LP in November to start its first European investment advisory unit for the industry.