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Carlyle nears third close for €3bn European fund

14 Jan 2014

dcPrivate equity major Carlyle is reportedly nearing a third close for its fourth European fund.

The fund has secured €500m towards its €3bn goal, said Dow Jones, citing a person close to the matter.

Carlyle reached a first close for the fund in the second half of 2013 and the size of its most recent close is unclear, but a person close to the matter said that it was between €500m and €1bn, said the report.

In November last year the Washington, DC-based firm held a final close of $13bn for its Carlyle Partners VI vehicle.

AltAssets reported in July that Carlyle was set to break the $10bn target for its sixth major US buyout fund after raking in $9.4bn of commitments from LPs.

In October the firm revealed that its private equity dry powder increased to over $20bn in the second quarter of 2013 thanks to follow-up closings on its flagship US and Asia buyout funds.

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