The Carlyle Group has already raised $14bn for its fifth US buy-out fund, according to various reports. The fund has a target of $15bn.
Commitments to the fund come at a time when fundraising has been particularly difficult given the economic downturn and various difficulties that institutional investors are facing.
The fund will focus on LBOs in the US.
Mega buy-outs were the ones first and arguably most affected by the credit crunch, which started in summer last year. To finance a sizeable LBO, private equity firms typically arrange a debt package with a syndicate of banks.
Carlyle is now expected to hold a final closing on its new vehicle in the coming months.
A spokesperson for the firm declined to comment.
Carlyle's fundraising effort is a sign that despite all the gloom and doom sophisticated investors still have confidence in the asset class.
Copyright © 2008 AltAssets
Article is in the following categories:
Private Equity News» By News Type» Fund News
Private Equity News» By Region» North America» United States
Private Equity News» By News Type» Fund News
Private Equity News» By Region» North America» United States











Carlyle reportedly raises $14bn for new US buy-out fund