Carlyle reaches $1.5b on fourth Asia buyout fund
The Carlyle Group has so far raised $1.5 billion for its fourth Asia buyout fund, which is expected to reach a final close of $3.5 billion by the end of this year. William E. Conway, the private equity firm’s co-founder and co-CEO, said in the first quarter earnings call that the target was in sight and the fund would start to generate fees – and therefore make investments – from June.
AVCJ reported in early April that Carlyle Asia Partners IV, which launched in May 2012, had passed the $1 billion mark after reaching a first close of $700 million last December. If the $3.5 billion...
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