Global private equity firm Carlyle will begin marketing a new $10bn buy-out fund to LPs as soon as April this year, and has also reduced the fees for large investors.
According to Bloomberg, limited partners who wish to commit more than $500m to Carlyle Partners VI will benefit from a 1.1 per cent management fee, compared to those charges of up to 1.5 per cent incurred by smaller investors.
The firm follows in the footsteps of listed buy-out peers Blackstone and KKR, who have also offered sweeteners to entice bigger investors into their respective funds. The performance of the new fund is crucial to the firm as it looks to go public this year.
Carlyle came in as one of the most active private equity investors last year, having invested an aggregate $10.59bn over 47 deals. The firm’s largest deal was its $3.9bn take-private of Pharmaceutical Product Development, alongside Hellman & Friedman, in December.
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