Carlyle Group has raised $1 billion for a new fund targeting investments in smaller Asian companies, Financial Times reports. The size of the Carlyle Asia Growth Partners IV fund is nearly 50% bigger than the previous Asia growth fund, which closed at $680 million in June 2006.
About 40% investments in the new fund came from new investors, with 50% of all money provided by government pension funds and financial institutions. Commitments from investors within Asia and from Latin America have also increased for the fourth fund.
Click here to read the Financial Times article.
Click here to read The Wall Street Journal story.
This article was originally published in Alternative Investment News.