NYSTRS commits $100m to Carlyle’s fourth Asia buyout fund
New York State Teachers’ Retirement System (NYSTRS) has committed $100 million to The Carlyle Group’s fourth Asia buyout fund. The vehicle, which has a target of $3.5 billion, had raised $1.5 billion as of the first quarter of 2013, with a final close expected by the end of the year.
The commitment was confirmed at NYSTRS' investment committee meeting earlier this week. NYSTRS' private equity portfolio was worth $7.4 billion as of September 2013, with $15.9 billion in active commitments...
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