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Carlyle continues Asian growth with Japanese growth capital team

US private equity giant the Carlyle Group is continuing to grow its Asian activities aggressively with the recruitment of a specialist growth capital team in Japan. The team will invest in young Japanese companies and will invest from the firm's Asia Venture Partners Fund.

'After researching the Japanese market for several years, we believe there is a need for investments between 500 million yen and three billion yen in Japan in young companies,' Carlyle's Japan managing director Haruyasu Asakura said in a statement reported on Reuters.

Carlyle has recently been building up its investment activity in China and India, aswell as Japan, and said it wants to invest more than $1bn in the region over the next couple of years.

Last week it was revealed that Carlyle and US insurer Prudential Financial were teaming up to buy a 25 per cent stake in a Chinese life insurer for around $400m, which would be the firm's biggest deal to date in the country.

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