NEWS
Carlyle raises over US $ 2 billion for its second infrastructure credit fund
Global investment firm, Carlyle, has announced the final close of Carlyle Infrastructure Credit Fund II, with approximately US $ 2.3 billion in total capital commitments, exceeding its US $ 2 billion target. The fund is more than three times larger than its predecessor, reflecting the continued growth of the strategy, and has attracted commitments from sophisticated global institutions across North America, Europe and Asia.
CICF II currently has a portfolio of six investments across North America and Europe with approximately US $ 500 million of capital committed. The strategy provides directly originated, privately negotiated financing solutions to infrastructure businesses and assets and seeks to invest in below-investment grade opportunities with a relative value approach across sectors, including energy transition, digital infrastructure, transportation and logistics, low-carbon power, water and waste treatment and other essential infrastructure sectors.
“ This fundraise marks a major milestone for Carlyle Infrastructure Credit, and we are appreciative of the support of both new and existing investors,” said Erik Savi, Global Head of Carlyle Infrastructure Credit.“ Essential infrastructure sectors have significant and growing investment needs, and we believe Carlyle is uniquely suited to capitalise on this opportunity set on behalf of our investors. We remain focused on structuring financings that meet each borrower’ s needs, underwritten with the same discipline that has defined our strategy since inception.”
Oracle’ s results driven by triple digit growth in cloud infrastructure revenues
Oracle announced its Q1 FY27 results with strong revenue growth. Total quarterly revenues increased 30 % to US $ 19.3 billion, reflecting strong execution in its infrastructure business, with the delivery of 850MW additional data centre capacity. Cloud revenues( IaaS and SaaS) increased 62 % to US $ 11.6 billion, driven by 121 % growth in cloud infrastructure( IaaS), and 10 % growth in cloud applications( SaaS). Software revenues were down 3 % to US $ 5.5 billion, reflecting its customers’ continuing migration from on-premises software to the cloud. Services revenues were US $ 1.4 billion, up 5 %, and hardware revenues were US $ 0.8 billion, up 15 %.
US $ 5 billion for Q1 as Oracle continued to execute on investments to support the growth of its cloud infrastructure business.
Oracle generated Q1 GAAP operating income of US $ 6.7 billion, up 57 %, while non-GAAP operating income rose to US $ 8.2 billion, up 31 %, driven by continued broad-based demand in cloud infrastructure and cloud applications. GAAP net income available to common shareholders reached US $ 4.7 billion, up 60 %, and non-GAAP net income available to common shareholders grew to US $ 5.8 billion, up 34 %. Q1 GAAP earnings per share increased to US $ 1.56, up 55 %, and non-GAAP earnings per share climbed to US $ 1.92, up 30 %.
Oracle’ s strong operating income translated to a record Q1 operating cash flow of US $ 23 billion, up 184 %. Free cash flow was negative
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