<article>US-headquartered private equity firm Carlyle Group LP is raising its second RMB-denominated private equity fund, and is also working on a new $6.5 billion-targeted Asia buyout fund.</article>

US-headquartered private equity firm Carlyle Group LP is raising its second RMB-denominated private equity fund, and is also working on a new $6.5 billion-targeted Asia buyout fund.
A bulk of its $6.5 billion Asia buyout fund will also be invested in China, the China Daily said in a report, quoting people familiar with the developments. When completed, the new Asia buyout vehicle will be its largest in this continent. The fund was launched earlier this year.
In November, this portal had reported that Carlyle Group has completed a first close of its fifth Asia buyout fund Asia Partners V at over $4.5 billion, and the firm had announced the same in its third-quarter earnings call.
Earlier this month, Carlyle Group <a href="https://www.dealstreetasia.com/stories/carlyle-group-gets-pe-veteran-lead-china-growth-investments-90593/" target="_blank" rel="noopener">had roped in</a> Wanlin Liu into the private equity team as a Managing Director to lead growth investments in China. Based in Shanghai, Liu is an addition to Carlyle’s effort to build on its position in the region.
The China Daily <a href="http://usa.chinadaily.com.cn/a/201801/19/WS5a612fb2a3106e7dcc1352bf.html" target="_blank" rel="noopener">report</a> also quotes David Rubenstein, Carlyle&#8217;s co-founder and co-executive chairman, as stating that &#8216;China&#8217;s vast market and enormous growth potential, as well as its strong entrepreneurial spirit and supportive government, have made the country the most attractive investment destination for the firm outside of the US&#8217;. It further quoted  David Marchick, managing director and global head of external affairs at Carlyle, as stating that the firm had been putting in up to $1 billion in China annually, and new Asia buyout fund will help fasten its investment pace in that country.
Carlyle had raised $3.9 billion for its previous buyout fund, Asia Partners IV, breaching the target of $3.5 billion. That fund had invested in Chinese firms Ganji.com, online realty firm Fang.com and Shanghai ANE Juchuang Supply Chain Management among other Asia companies.
In addition to Carlyle, other private equity firms globally are also mopping up capital through fund raises for investment in Asia where growth has been attractive as compared to other developed markets. Blackstone is looking to raise up to $3 billion for its pan-Asia buyout fund while KKR closed its record fund for the region at $9.3 billion.

The Carlyle Group is raising its second RMB-denominated private equity fund, in addition to a new $6.5 billion-targeted Asia buyout fund.

Carlyle plans second Chinese fund as it raises new $6.5b Asia buyout fund

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Carlyle plans second Chinese fund as it raises new $6.5b Asia buyout fund

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