Global private equity firm Carlyle Group has closed its fourth Asian growth capital fund, Carlyle Asia Growth Partners IV CAGP IV, for which it raised a total of $1.04 billion in commitments.
Managed by Carlyle Asia Growth Capital Partners, the fund invests in high-growth private companies with strong local management and leading market positions in China, India, Korea and other key Asian markets. The fund looks at potential investments on a per company basis and doesn't have any specific leanings sector-wise.
Although the fund doesn't have any country or sector allocation targets, around 80% of its assets are expected to be invested in China and India, by virtue of the...
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