Carlyle’s Global Partners strategy typically holds investments made from the fund for more than 10 years,
Carlyle Group has collected at least $1.84bn in commitments so far for its latest long-lasting investment fund, according to a regulatory filing.
The Washington firm has been raising Carlyle Global Partners II LP since at least January 2019, the Securities and Exchange Commission filing shows. It so far has received commitments from at least 21 investors.
Carlyle in 2016 collected roughly $3.6bn for its first long-dated fund, Carlyle Global Partners, which was among the first private equity vehicles that intended to back companies for periods of more than 10 years, WSJ Pro Private Equity reported at the time. Most private equity funds have investment horizons of three to five years, with 10 years usually the outer limit.
Carlyle indicated in 2016 that it expected the Global Partners fund to hold its typical investments for 15 years. The strategy was expected to give the firm access to a wider field of deals while avoiding the sale of assets before they had a chance to maximize returns.
The publicly traded firm described the initial Global Partners fund as complementing and extending its established buyout business, adding that the strategy didn’t have sector or geographic boundaries.
Carlyle has roughly $217bn in assets under management and invests across sectors that include private equity, private credit and real assets, according to its website.
A Carlyle spokeswoman declined to comment on the new fund.
Blackbird Ventures has raised $500 million for its fourth fund, the largest in Australian venture...
After first expressing interest earlier in the year, KKR has reportedly made a binding offer for...
U.S. private equity deal and fundraising activity slowed during the second quarter as the...