Carlyle upping ante with up to $10bn for next Asia fundraise

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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