PRINT THIS PAGE US Carlyle Group to open China office in 200410/11/2003. Source: AltAssets. 
 US private equity firm, Carlyle Group, is to open an office in Shanghai in the first quarter of 2004. The firm is already scaling up its search for investment opportunities in mainland China ahead of its official move into the region.
Carlyle has already made two investments in China, with a combined value of $80m. The firm took a stake in department store chain Pacific China Holdings in 2001 and also invested in the world's biggest artificial Christmas tree manufacturer, Boto International, last year.
Carlyle is particularly interested in the financial services, consumer and manufacturing sectors, according to the Financial Times. The firm plans to finance any deals in mainland China out of its Asia-focused buy-out fund, Carlyle Asia Partners, which was established in 1998.
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