Carlyle raises more than $3bn for European tech investments

Carlyle Group has raised more than €3bn for a new pan-European technology fund that will focus on investments in lower mid-market and growth technology companies across Europe, according to a report by Reuters.

The report cites the co-heads of the US buyout firm’ s Carlyle Europe Technology Partners as confirming that the new CETP V has exceeded its €2.5 billion target after less than a year of fundraising, more than doubling the size of the previous fund CETP IV.

Michael Wand and Vladimir Lasocki told Reuters in an interview that the fund will look to take advantage of “pockets of life” in the economy and target cybersecurity, digital transformation and cleantech deals as well as software applications for financial services, healthcare and infrastructure, with an average investment horizon of five years.

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The new fund will aim to acquire mainly majority stakes in approximately 20-30 companies, with 15% of the fund being reserved for growth equity transactions.

Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions.

With $260 billion of assets under management as of March 31, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 29 offices across five continents.

Source: Private Equity Wire

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