LONDON: Diversified Energy Company (LSE: DEC; NYSE: DEC) and global investment firm Carlyle (NASDAQ: CG) announced Tuesday a strategic partnership to invest up to $2 billion in existing U.S. natural gas and oil assets.
The collaboration will combine Carlyle’s asset-backed finance expertise with Diversified’s operational experience in acquiring and managing long-life energy assets. Under the agreement, Diversified will operate the assets while Carlyle explores securitization opportunities to secure long-term financing.
“This partnership enhances our ability to scale strategic acquisitions in a favorable market,” said Rusty Hutson Jr., CEO of Diversified Energy. “We see strong opportunities for consolidation and efficiency, and Carlyle’s support positions us well to deliver sustainable value.”
Akhil Bansal, head of Carlyle’s asset-backed finance team, said the deal aligns with the firm’s focus on stable, yield-generating energy investments. “Diversified is a proven operator, and these assets are critical to U.S. energy security,” he said.
Carlyle’s asset-backed finance group, part of its Global Credit platform, has deployed about $8 billion since 2021 and manages approximately $9 billion in assets as of March 31, 2025.
Diversified Energy is a publicly traded company specializing in natural gas and liquids production, transportation and well retirement. The company focuses on acquiring and optimizing long-life assets while emphasizing environmental stewardship.
Carlyle is a global investment firm with $453 billion in assets under management as of March 31, 2025. It operates across private equity, credit and investment solutions, with offices in 29 locations worldwide.