Firm: Carlyle Group
Fund: Carlyle Asia Partners III
Target: $3 billion
The Washington D.C.-based firm has been in talks with some potential institutional investors for a few months to raise a successor fund to the one launched in July 2006 and that closed with $1.8 billion. Carlyle Group declined to comment on the latest effort.
In June, Carlyle Group said it raised $1.04 billion for its fourth Asia growth capital fund to invest in China, India, South Korea and other Asian emerging markets. Early this year, Carlyle Group raised a new $13.7 billion U.S. buyout fund. Carlyle Group has been also investing in property across Asia through its regional real estate funds for years.
In Asia, Carlyle Group competes with other U.S. buyout giants such as