Carlyle Aiming For $4B First Close On New Asia Buyout Fund

Sep 21 2017 | 8:52pm ET

Alternative asset management giant Carlyle Group hopes to close on more than $4 billion when its new Asia private equity fund holds its first closing between now and the end of the year, a further indication of the strong interest among investors for buyout vehicles focused on the region. 

The overall target for the fund is $5 billion, according to a Reuters article citing unidentified individuals familiar with the matter. If closed at or above target, the new fund will become Carlyle’s largest Asian investment vehicle to date and is distinct from a separate fund aimed at smaller, higher-growth investment opportunities. 

Private equity managers are raising unprecedented amounts of capital for Asia-Pacific investments, with Blackstone Group LP in the market for a $3 billion fund and KKR fresh of the final close of its record-setting $9.3 billion Asia-focused buyout fund. 

Founded in 1987 by David Rubenstein, Bill Conway and Dan D’Aniello, Carlyle has AUM of around $170 billion deployed across 299 investment vehicles. One of the most successful investment firms in the world, Carlye is active in various industries, including aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. 

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