The private equity major is to focus on China and Southeast Asia
As part of its plans to strike more deals in Asia, Carlyle Group, the Washington-based global private equity investment firm, is raising a new buyout fund – reported Reuters.
Reportedly, the private equity firm has been engaged in talks with some institutional investors over the past few months to launch a fund of about $2.5 billion and $3 billion size. It is said to primarily focus on Greater China and Southeast Asia, where the company already has considerable presence.
It has been reported that this new fund is the third one from the private equity firm in Asia. Three years ago, it had launched a $1.8 billion buyout fund, which had invested in several projects inlcuding in a deal with China’s life insurer – China Pacific Insurance Group.