Carlyle will not collect 22 billion in time-FT
2022.12.14 01:17
Carlyle will not collect 22 billion in time-FT
Budrigannews.com – Carlyle Group, an American buyout firm (NASDAQ:) is having trouble raising the $22 billion it had intended to use for its largest fund, according to a report in the Financial Times on Wednesday.
According to a report that cited three people with knowledge of the situation, the company is likely to miss its March 2023 target to raise funds, so it has requested an extension from its investors until the end of August.
According to the report, which cited one of the individuals, the fund has raised approximately $17 billion thus far.
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Citing co-heads of Carlyle Europe Technology Partners, the buyout firm raised more than three billion euros ($3.19 billion) for a pan-European technology fund that is taking advantage of “pockets of life” in the economy.
Citing sources, Reuters reported in August that Carlyle was looking into starting a new $8.5 billion Asia-focused buyout fund with a goal of opening in the next few months.
