Carlyle seeks to raise as much as $27 billion for latest flagship fund

0
53

© Reuters. FILE PHOTO: The logo of the Carlyle Group is displayed at the company’s office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato

(Reuters) – Private equity firm Carlyle Group (NASDAQ:) Inc is looking to raise as much as $27 billion for its latest flagship fund, Bloomberg News reported on Thursday.

The firm is in discussions with investors about the size of the fund, according to the report, citing people familiar with the matter. (https://bloom.bg/3hXOVi2)

The fund would be 46% larger than its previous flagship pool from 2018, Bloomberg News said.

Private equity firms in general are amassing huge sums from investors, giving them a chance to look into fresh deals and acquisitions amid soaring valuations of target companies.

PE firm Hellman & Friedman said last Thursday it had closed a $24.4 billion fund, its largest ever.

KKR & Co (NYSE:) raised $18.5 billion in May and Bain Capital secured $11.8 billion in April from outside investors and employees for their flagship North American buyout funds.

Carlyle declined a Reuters request for comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.