Global private equity giant Carlyle is reportedly eyeing up to $10bn for a new Asia fund when it brings the vehicle to market next year.
Carlyle is seeking between $8bn and $10bn for Carlyle Asia Partners VI.
Reaching that range would see the investment major outstrip the $6.55bn it collected for its fifth flagship Asia fund in 2018.
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The firm had initially targeted $5bn for that fund. It collected $3.9bn for Asia Partners IV in 2015.
Earlier this year KKR raised the biggest private equity fund dedicated to the Asia-Pacific region through a $15bn final close.
The new raise easily beat the previous biggest buyout fundraise in the region, which saw Hillhouse Capital close its fourth Asia-focused fund on $10.6bn in September 2019.
Fellow private equity major Blackstone revealed in July that it had raised more than $5bn for its latest Asia fund, and was eyeing its $6.4bn hard cap.
Source: Alt Assets
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