Carlyle names Robert Mancini as co-head of Infrastructure Fund
Alternative asset manager The Carlyle Group has named Robert Mancini a managing director and co-head of the Infrastructure Fund, joining founding co-head Robert Dove.
Mancini is currently a managing director at The Goldman Sachs Group with responsibility for power asset investments made through Cogentrix Energy, an independent power producer and wholly owned subsidiary of Goldman Sachs. Mancini is currently also the chief executive of Cogentrix.
He will join Carlyle upon the completion of the acquisition, expected in the fourth quarter of 2012, by Carlyle of Cogentrix’s North American business and will be based in New York.
Dove says: “We are pleased to welcome Bob to Carlyle. Bob’s wealth of experience in leading the acquisition, development and operation of power generating facilities will play a significant role as we pursue an active program of acquiring and developing power projects across North America.”
Mancini says: “This is a rare opportunity to help lead Carlyle’s expansion into this critical sector. I look forward to building upon Carlyle’s established infrastructure platform as we grow its investments in the power sector through a combination of development and acquisitions.”
On 7 September, 2012, Carlyle agreed to buy the North American power generation assets held by Cogentrix Energy, which include five coal and solar power projects in Florida, Virginia, Colorado and California, as well as a development pipeline of gas and renewable power projects. The transaction includes the Charlotte, North Carolina-based Cogentrix team, including professionals who will continue to initiate new power generation projects and acquisitions as well as bring their power asset management and operating expertise to Carlyle’s future investment activity in the power sector.
Mancini joined Goldman Sachs in 1993 and served in several legal roles in the US and Asia where he focused on fixed income, currency and commodities. In 2004 he moved to the commodities business and became co-head of Goldman Sachs’s North American power asset business and co-president and chief commercial officer of Cogentrix, which Goldman Sachs purchased in 2003.
Carlyle Infrastructure Partners is a USD1.14bn fund that invests in public and private infrastructure projects and businesses around the globe.
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