Carlyle Group buys stake in NGP Energy Capital for $424 mln

Thu Dec 20, 2012 9:09am EST

Dec 20 (Reuters) - Asset manager The Carlyle Group acquired a 47.5 percent stake in energy investor NGP Energy Capital Management for $424 million to boost its natural resources investments.

Carlyle will buy the 40 percent stake owned by Barclays Natural Resource Investments and rest from NGP's management.

The deal, which will be funded with cash and Carlyle Holdings partnership units, closed on Thursday.