Carlyle Group raises $6.5bn in largest-ever Asian fund

Carlyle Group is set to close a funding round worth $6.5bn, CNBC has reported. This is set to be the biggest private equity funding round in Asia to date.

The news company also commented that the round will add to the vast numbers of companies seeking funding in Asia, which are at an all-time high.

The fund will go toward both buyout and growth opportunities, with Carlyle having merged these two areas of its business in Asia.

See also:

Evergrande Group announces $16bn investment in technology

Chinese tech VC firm, Sinovation Ventures, raises $500mn funding

Business Chief, Asia edition – May issue out now!

Carlyle is also hoping to raise $269mn in a Chinese yuan fund specifically for targeting growth opportunities in China.

Currently, Carlyle already owns a stake in Tencent’s China Literature and Indian pathology lab operator Metropolis Healthcare. It was also part of an investment in Baidu last year worth $1.9bn, which included TPG Capital Management and acquired a majority stake in the tech company.

Carlyle Group is a US equity investment company based in Washington, DC. It was founded in 1987 and currently manages around $195bn worth of assets.

Share

Featured Articles

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best new books that will make you a better leader

From inspiring CEO memoirs to strategic guides, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better boss

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

Workplace special – the changing nature of the office

Leadership & Strategy

Meet Shanique Bonelli-Moore, DEI leader at Clorox

Sustainability

Forterro CEO Dean Forbes – inspirational leadership

Leadership & Strategy