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Carlyle raises $1.5bn for $3.5bn fourth Asia buyout fund

10 May 2013

asia buddha_sqWashington-based private equity major Carlyle has raised $1.5bn for its fourth Asian buyout fund.

The fund has already held interim closings and will start to generate fees in June, said Carlyle’s co-CEH William Conway during a conference call on the back of the firm’s quarterly results.

He added that Carlyle expects the fund to reach its target of $3.5bn.

The Asian buyout funds invest in buyouts and take-private deals, while also making minority investments in partnership with experienced management teams.

The previous fund was launched in 2007 at $2.55bn following the $1.8bn second vehicle raised in 2005.

Carlyle has recently added Rajiv Louis for its Asia buyout team to lead its investment advisory activities in Indonesia.

The Asia buyout team, which is focused on the Asia Pacific region excluding Japan, had total commitments of $6bn at the end of 2012.

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