Private equity firms have different views on energy deals

London

THE four biggest private-equity firms have raised about US$30 billion to invest in energy deals. They don't all agree on how to spend that money.

Carlyle Group LP is prepared to bet that oil prices have bottomed out and sees now as the best time to deploy its money, co-founder David Rubenstein said last week. Apollo Global Management LLC says the sell-off in oil isn't over yet and the highest-returning deals are still on the horizon.