China: Carlyle to raise $1b for new Asia PE fund

China: Carlyle to raise $1b for new Asia PE fund

Photo: Reuters

Carlyle Group LP, the world’s second-largest private equity manager, is raising $1 billion for a new private equity fund which will focus on Asian growth companies.

The new fund will be Carlyle’s fifth, and will target smaller, fast-growing companies in Asia, according to a report in the Wall Street Journal, citing sources.

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