Carlyle raises $2.3b for its biggest Japanese buyout fund to date

FILE PHOTO: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato

Carlyle Group said it has raised 258 billion yen ($2.3 billion) for its biggest Japan fund to date, aiming to pick up businesses shed by conglomerates as well as companies where elderly owners have no obvious successors.

It is the U.S. buyout firm’s fourth Japan fund and is more than twice the size of the third, which raised 120 billion yen.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter